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99 chapters · 2,147 sections in this title.
Ark. Code Ann. § 16-131-201 Title
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This subchapter shall be known and may be cited as the “Arkansas Statutory Thresholds for Settlement Agreements Involving Minors Act”.
Ark. Code Ann. § 16-131-202 Purpose
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The purpose of this subchapter is to establish standards and procedures for settling claims through settlement agreements involving minors.
Ark. Code Ann. § 16-131-203 Definitions
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(1) As used in this subchapter:(1) “Annuity” means a fixed and periodic amount of moneys payable throughout the life of a person or for a temporary period;(2) “Claim” means a civil cause of action and includes a claim made by or on behalf of a minor;(3) “Conservator” means a pers…
Ark. Code Ann. § 16-131-204 Procedures for settling claim involving minor
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(a) On behalf of a minor, the minor's guardian may enter into a settlement agreement with a person or party against whom the minor has a claim if:(1) A conservator or guardian ad litem has not been appointed for the minor;(2) The total amount of the claim is twenty-five thousand …