Arkansas · Arkansas Code of 1987 — full code (public domain; via Open US Law, CC BY 4.0)
Ark. Code § 5-37-203: Ark. Code Ann. § 5-37-203
What this law says, in plain English
Arkansas law defines two offenses: defrauding a secured creditor in the first degree (a Class D felony) by intentionally disposing of secured property to obstruct creditor enforcement, and in the second degree (a Class A misdemeanor) by misusing motor vehicle insurance proceeds over $1,000 in violation of a security agreement.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.