{"data":{"id":"us-ar/ark.-code-ann.-15-72-1111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-72-1111","heading":"Rights of operator not impaired","body":"(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.\n\n(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.\n\n(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.\n\n(1) The person that the operator and the interest owner jointly direct the first purchaser in writing to pay;\n\n(2) A person that otherwise shows himself or herself or itself to be the person entitled to the funds; or\n\n(3) A court of competent jurisdiction in the event of litigation or bankruptcy.","path":["AR Code","Title 15","Chapter 72","Subchapter 11"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"dddb5dd31ac81124eddb942bbcc49537f09940dd8817c1f2ce8f1e84d835bd43","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-72-1110","next":"us-ar/ark.-code-ann.-15-72-1112"},"notice":"GroundRules: Original legal text. Not legal advice."}