Arkansas Department of Finance & Administration v. City of North Little Rock

George Rose Smith, Justice.

By Act 256 of 1979 the General Assembly adopted the Uniform Disposition of Unclaimed Property Act. Ark. Stat. Ann. §§ 50-620 to -647 (Supp. 1983). The City of North Little Rock held unclaimed property within the act, in that its Electric Department had operated the city’s electric distribution system for many years and had accumulated $58,631.29 in small deposits made by its customers to secure the payment of their monthly bills and left unclaimed when they ceased being customers of the utility. In this suit by the State to recover the accumulated $58,631.29, the…