Title 18 — Property
29 chapters · 720 sections in this title.
Ark. Code Ann. § 18-27-101 Joint tenancy in stock certificate
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(a) In any instance in which any corporation or cooperative association organized under the laws of the State of Arkansas may issue any stock certificate or other form of certificate of any character evidencing ownership or equity in the corporation or cooperative association in …
Ark. Code Ann. § 18-27-102 Safe-deposit boxes
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(a) Any state, national or private bank, savings and loan association, hotel, or other private safe-deposit company, in this subchapter referred to as a bank, financial institution, or company, may maintain safe-deposit boxes and rent the safe-deposit boxes. (b) (1) If a safe-dep…
Ark. Code Ann. § 18-27-103 Abandonment of personal property
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(a) Upon the purchase of land at a judicial sale, nonjudicial foreclosure sale, under the Arkansas Statutory Foreclosure Act, § 18-50-101 et seq., or otherwise, or a tax sale, all personal property remaining on the land or in any structure on the land shall be considered to have …
Ark. Code Ann. § 18-27-204 Limitations on the purchase and disposition of personal property — Definition
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(a) As used in this section, “pawnbroker” means any person, firm, or corporation, or an agent of any person, firm, or corporation, who is engaged in the business of lending money upon the security of articles of personal property or purchasing personal property. (b) No pawnbroker…
Ark. Code Ann. § 18-27-301 Title
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This subchapter shall be known and may be cited as the “Dealer in Secondhand Goods Reform and Disclosure Act”.
Ark. Code Ann. § 18-27-302 Definitions
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(1) As used in this subchapter:(1) “Dealer” means an individual or entity that is engaged in the business of:(A) Lending money upon the security of an article of personal property that is retained by the individual or entity until:(i) The loan is repaid; or(ii) The time to repay …
Ark. Code Ann. § 18-27-303 Recovery of personal property and identifiable stolen personal property — Liability
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(a) An owner of stolen personal property may request that a dealer return the stolen property without charge to the owner by signing and following the terms of the affidavit in favor of the dealer as described in § 18-27-304(b). (b) Unless reasonable cause exists, within seven (7…
Ark. Code Ann. § 18-27-304 Notice concerning recovery of personal property and identifiable stolen personal property
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(a) Once an owner requests the return of stolen property, a dealer shall deliver a written notice as to the owner's rights. (b) The written notice required by subsection (a) of this section shall be written in bold letters that are each at least 12-point type and read as follows:…
Ark. Code Ann. § 18-27-305 Limitations on the purchase, maintenance, and disposition of personal property — Defacing identifiable stolen personal property
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(1) A dealer shall not:(1) Purchase or receive personal property as security from a person under eighteen (18) years of age who has not been emancipated under § 9-26-104; or(2) Deface identifiable stolen personal property. (1) Purchase or receive personal property as security fro…
Ark. Code Ann. § 18-27-306 Penalties
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A violation of this subchapter by a dealer is a Class C misdemeanor.