Arkansas Statutes
§ 16-64-130 — Punitive damage - Contract involving financial institutions
Arkansas·Title 16
(a)For the purposes of this section, the term "financial institutions" means banks, savings and loan associations, and credit unions located within the State of Arkansas and which are insured by an agency of the federal government.
(b)This section shall be applicable in civil actions in which a claim is asserted against a financial institution, whether by complaint, counterclaim, third party complaint, or other pleading. If a claim asserted against a financial institution is determined by the court to be a breach of contract claim arising out of a loan of money or other extension of credit by the financial institution to the person asserting the claim, then punitive damages shall not be awarded to the person asserting the claim unless it is found that the person asserting the claim suffe
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 16-64-130 (Punitive damage - Contract involving financial institutions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Bank of America, N.A. v. C.D. Smith Motor Co.
106 S.W.3d 425 (Supreme Court of Arkansas, 2003)
Legislative History
Acts 1991, No. 532, § 1.
Nearby Sections
15
§ 16-1-101
Recidivism definition and reporting§ 16-10-1001
Title§ 16-10-1002
Purpose and findings§ 16-10-1003
Administrative Office of the Courts - Duties - Director of Security and Emergency Preparedness§ 16-10-1004
Court security officers - Definition§ 16-10-1006
Court security grant program§ 16-10-103
Training and education of court personnel§ 16-10-104
Courts of record§ 16-10-105
Sittings of courts to be public§ 16-10-106
Power to issue writs and process§ 16-10-108
Contempt