§ 23-47-206. Settlement of checks at par -- Exception

AR Code § 23-47-206 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

(a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par.

(b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item.