Ark. Code Ann. § 23-37-507: Damages for refusal to pay withdrawal request
Where this section sits in the code
- AR Code
- Title 23
- Chapter 37
- Subchapter 5
In the event an association wrongfully and without legal right refuses to pay a withdrawal request for a savings account, the owner of the savings account shall be entitled to recover damages from the association equal to interest at the legal rate prescribed by the laws of this state from the date the withdrawal request was refused. The owner shall not be entitled to recover from the association any special damages of whatever kind or nature.
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