Arkansas Statutes
§ 23-47-906 — Remedies and procedures for nonpayment of rent
Arkansas·Title 23
(a)If the safe-deposit box rental is delinquent for six (6) months, the bank, after at least thirty (30) days' notice by certified mail, return receipt requested, addressed to the lessee at the lessee's last known address on the books of the bank, may, if the rent is not paid within the time specified in the notice, open the safe-deposit box in the presence of a notary public and two (2) employees, at least one (1) of whom is an officer of the bank.
(b)The bank shall inventory the contents of the safe-deposit box in detail and place the contents of the safe-deposit box in a sealed envelope or container bearing the name of the lessee.
(c)(1) The bank shall hold the contents of the safe-deposit box subject to a lien for its rental, the cost of opening the safe-deposit box, and the damages
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Arkansas § 23-47-906 (Remedies and procedures for nonpayment of rent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2019, No. 63,§ 1, eff. 7/24/2019. Acts 1997, No. 89, § 1.
Nearby Sections
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§ 23-1-101
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Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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