Opinion

Arkansas Farm Products, Inc. v. Ford Motor Credit Co.

267 Ark. 653
590 S.W.2d 48
1979 Ark. App. LEXIS 443

Court: Court of Appeals of Arkansas
Filed: Oct 31, 1979
Status: Published
Author: Penix
On the bench: Newbern, Penix, Wright
Cited by: 1 cases

The opinion

Marian F. Penix, Judge, dissenting. Under Rule 29 APPELLATE JURISDICTION OF THE COURT OF APPEALS

1. All cases heretofore appealable to the Supreme Court shall, from and after July 1, 1979, be appealed to the Supreme Court:

a. All cases involving the interpretation or construction of the Constitution of Arkansas; . . .

This case involves an interpretation of Article 19, Section 13 of the Constitution of the State of Arkansas. The Section 13 reads:

Usury — Legal rate. — All contracts for a greater rate of interest than ten percent per annum shall be void, as to principal and interest, and the General Assembly shall prohibit the same by law; but when no rate of interest is agreed upon, the rate shall be six per centum per annum.

For the foregoing reasons it is my belief the case should be transferred to the Arkansas Supreme Court. Therefore, I respectfully dissent.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.