(a) Effect.

1. (1) Any person in possession of a valid license to carry a concealed handgun issued by another state shall be entitled to the privileges and subject to the restrictions prescribed by Arkansas concealed handgun carry laws, federal laws, and this part in order to carry a concealed handgun in the State of Arkansas.

2. (2) Any Arkansas licensee who is present in another state has the responsibility to determine:

   1. (A) If the Arkansas concealed handgun carry license is honored in that state; and
   2. (B) Any requirements that may be imposed by that state.

(b) Procedure for transfer of a license issued by another state to Arkansas.

1. (1) Any person who becomes a resident of Arkansas and who has a valid license to carry a concealed handgun issued by another state may apply to transfer his or her license to Arkansas by submitting the following packet to the Division of Arkansas State Police:

   1. (A) A properly completed division transfer application form;
   2. (B) The person's current, original out-of-state license (if the concealed handgun carry license is contained on the driver’s license of that state, then other suitable documentation as outlined by the division will be required);
   3. (C) Two (2) properly completed, classifiable, and legible fingerprint cards;
   4. (D) A nonrefundable license transfer fee as set by law; and
   5. (E) Any fee charged by a state or federal agency for a criminal history check.
2. (2) The license is valid for a period of five (5) years from the date of issuance and binds the holder to compliance with all Arkansas laws and rules regarding the carrying of the concealed handgun.
3. (3) The minimum Arkansas residency requirement of ninety (90) days does not apply to applicants for a transfer of a license to carry a concealed handgun from another state.