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Arkansas Code Title 18. Property § 18-27-302. Definitions

Current as of March 28, 2024 | Updated by Findlaw Staff

As used in this subchapter:

(1) “Dealer” means an individual or entity that is engaged in the business of:

(A) Lending money upon the security of an article of personal property that is retained by the individual or entity until:

(i) The loan is repaid; or

(ii) The time to repay the loan has expired; or

(B) Purchasing other than at wholesale or retail an article of personal property for resale in any form;

(2) “Defacing identifiable stolen personal property” means performing or acquiescing in an act designed to remove, destroy, mutilate, disguise, or otherwise purposefully and willfully prevent detection of identifiable stolen personal property;

(3) “Identifiable stolen personal property” means personal property that is:

(A) Reported stolen to an appropriate law enforcement agency;

(B) Described in the official stolen property report of the law enforcement agency by serial number, vehicle identification number, license registration number, or other numbers, letters, symbols, or markings that authenticate the specific personal property in the possession of the dealer; and

(C) Connected by documentation, such as a receipt, presented to the dealer by the owner demonstrating the likelihood of current ownership; and

(4) “Insider” means a family member or friend of the owner of stolen property.

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Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-27-302. Definitions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-27-302/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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