§ 26-55-237 - Retention of records by distributors and dealers -- Penalty for noncompliance. - Arkansas Statutes

26-55-237. Retention of records by distributors and dealers -- Penalty for noncompliance.

(a) Each distributor shall maintain and keep for a period of two (2) years records of motor fuel received, used, sold, or delivered, within this state by the distributor, together with invoices, bills of lading, and other pertinent records and papers as may be required by the Director of the Department of Finance and Administration for the reasonable administration of this subchapter.

(b) It shall be the duty of every dealer receiving motor fuel in this state to maintain and keep for a period of two (2) years a record of motor fuel received and the purchase price, together with delivery tickets, invoices, and bills of lading, and such other records as the director shall require.

(c) Records ordinarily kept outside the State of Arkansas by any distributor in the usual course of business shall be produced within the State of Arkansas upon proper demand of the director.

(d) Upon conviction, a person knowingly violating this section is guilty of an unclassified misdemeanor and shall be sentenced to pay a fine of one thousand dollars ($1,000) and costs of prosecution or to undergo imprisonment for not more than one (1) year, or both.