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AR SB5
Bill
Status
3/20/2018
Primary Sponsor
Jeremy Hutchinson
Click for details
AI Summary
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Adds Arkansas Code 16-30-104 to make written jury trial waivers in contracts to borrow or lend money valid and enforceable, except on grounds that would revoke any contract.
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Applies retroactively to all jury trial waiver contracts entered into before the act's effective date.
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Applies retroactively to all pending judicial proceedings where a contractual jury trial waiver is at issue on the effective date.
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Declares an emergency due to uncertainty created by Arkansas Supreme Court decisions regarding contractual jury waiver provisions.
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Takes effect immediately upon gubernatorial approval, expiration of veto period, or veto override; approved March 19, 2018.
Legislative Description
Concerning The Waiver Of A Person's Or Entity's Right To A Jury Trial That Is Conditioned On A Contractual Agreement Of The Parties; And To Declare An Emergency.
Last Action
Notification that SB5 is now Act 13
3/20/2018