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AR SB171
Bill
Status
2/25/2025
Primary Sponsor
Clarke Tucker
Click for details
AI Summary
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Corrects a grammatical error in Arkansas Code § 4-56-107(d)(4)(A) regarding digital currency by changing "does not require" to "does not prohibit" and "from compliance with" to "from complying with"
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Ratifies the Arkansas Code Revision Commission's decision to make the grammatical correction
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Clarifies that financial institutions and their employees are not prohibited from complying with federal financial privacy laws including the Right to Financial Privacy Act of 1978 and the Bank Secrecy Act
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Specifies that the act makes only technical, not substantive, changes to the Arkansas Code and does not repeal any other acts passed during the 95th General Assembly
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Approved on February 25, 2025 as Act 164 of the Regular Session
Legislative Description
To Make Technical Corrections To Title 4 Of The Arkansas Code Concerning Business And Commercial Law.
Last Action
Notification that SB171 is now Act 164
2/25/2025