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PIONEER FINANCE COMPANY v. MURCHISON

No. 74-362.

521 S.W.2d 524 (1975)

PIONEER FINANCE COMPANY, Appellant, v. Nancy MURCHISON, Appellee.

Supreme Court of Arkansas.

April 21, 1975.

Attorney(s) appearing for the Case

Sam Goodkin, Fort Smith, for appellant.

Harry A. Foltz, Fort Smith, Jim Guy Tucker, Atty. Gen. by Lonnie A. Powers, Deputy Atty. Gen., Little Rock, for appellee.

BYRD, Justice.

At issue here is the validity of Acts 1953, No. 559 [Ark.Stat.Ann. 67-1401 et seq. (Repl.1966)]. That Act makes it unlawful for any nonresident person, partnership or corporation to "engage in the business of lending money in the State of Arkansas by means of advertising over the radio, through the mails or by any other means of advertising" unless the nonresident posts a bond in the amount of $5,000, designates an agent for service and files a notice...

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