Arkansas Statutes
§ 23-36-109 — Loan limits
Arkansas § 23-36-109
JurisdictionArkansas
Title23
This text of Arkansas § 23-36-109 (Loan limits) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 23-36-109 (2026).
Text
The total liabilities to any industrial loan institution of any person, corporation, company, or firm for money borrowed, including in the liabilities of the company or firm the liabilities of the several members thereof, shall at no time exceed twenty percent (20%) of the actually paid-up capital and surplus of the industrial loan institution. However, the discount of bona fide bills of exchange or acceptances drawn against actually existing values and the discount of commercial or business paper actually owned by the person, corporation, company, or firm negotiating them shall not be considered money so borrowed.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1941, No. 111, § 6; A.S.A. 1947, § 67-1006.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
Citizens band radio equipmentCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 23-36-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-36-109.