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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Ark. Code Ann. § 15-72-1111: Rights of operator not impaired

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Where this section sits in the code
  1. AR Code
  2. Title 15
  3. Chapter 72
  4. Subchapter 11

(a) This subchapter does not impair an operator's right to be paid, to set-off funds, or to withhold funds from an interest owner as security for or in satisfaction of a debt or security interest. (b) In the case of a dispute between an operator and an interest owner, a good-faith tender of funds by a person operates as a tender of the funds to both the operator and the interest owner if the tender of funds is to: (1) The person that the operator and the interest owner jointly direct the first purchaser in writing to pay; (2) A person that otherwise shows himself or herself or itself to be the person entitled to the funds; or (3) A court of competent jurisdiction in the event of litigation or bankruptcy. Added by Act 2021, No. 275,§ 1, eff. 7/28/2021.

(a) This subchapter does not impair an operator's right to be paid, to set-off funds, or to withhold funds from an interest owner as security for or in satisfaction of a debt or security interest.

(b) In the case of a dispute between an operator and an interest owner, a good-faith tender of funds by a person operates as a tender of the funds to both the operator and the interest owner if the tender of funds is to: (1) The person that the operator and the interest owner jointly direct the first purchaser in writing to pay; (2) A person that otherwise shows himself or herself or itself to be the person entitled to the funds; or (3) A court of competent jurisdiction in the event of litigation or bankruptcy.

(1) The person that the operator and the interest owner jointly direct the first purchaser in writing to pay;

(2) A person that otherwise shows himself or herself or itself to be the person entitled to the funds; or

(3) A court of competent jurisdiction in the event of litigation or bankruptcy.

Collected 2026-09-17T21:35:43Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source

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