Arkansas Code Annotated
Ark. Code Ann. § 4-58-103 (2026)
Consideration
✓ current as of May 2026
It shall not be necessary for any assignee to set forth the consideration of any of the assignments on any such assigned paper.
History. Rev. Stat., ch. 11, § 5; C. & M. Dig., § 480; Pope's Dig., § 517; A.S.A. 1947, § 68-807.
Case Notes
Pleading.
It is not necessary that the assignee set forth the consideration for the assignment in his motion to be made sole plaintiff. Higginbotham v. Ritter, 200 Ark. 376, 139 S.W.2d 27 (1940).
Cited: Smith v. National Cashflow Sys., 309 Ark. 101, 827 S.W.2d 146 (1992).
Notes of Decisions
Cited in 1
case, 1992–1992 · leading case: Smith v. Nat'l Cashflow Sys., Inc..
Smith v. Nat'l Cashflow Sys., Inc. (Ark. 1992). “Teaf s testimony was unclear as to whether CashFlow ever actually paid the $10 purchase fee, Ark. Code Ann. § 4-58-103 (1987) provides that “it shall not be necessary for any assignee to set forth the consideration of any of the assignments on any such assigned paper.”
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