Browse Arkansas Code titles and sections
16-107-303. Recovery of money and property from principal debtor.
Arkansas Code — all titles (historical 2020) · legal_authorities
16-107-303. Recovery of money and property from principal debtor.
(a) When any bond, bill, or note for the payment of money or delivery of property shall not be paid by the principal debtor, according to the tenor thereof, and the bond, bill, or note, or any part thereof shall be paid by the security, the principal debtor shall refund to the security the amount or value, with interest thereon at the rate of ten percent (10%) per annum, from the time of payment.
(b)(1) When the payment by a security shall be made in money, the security may recover the money with interest, in an action for so much money, paid to the use of the defendant.
(2) When payment is made in property, he or she may recover the value, with the interest, in an action for so much property sold to the defendant.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 16-107-303
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:16-107-303
Source file: gov.ar.code.title.16.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f30a5d841f9e70383223dcadbf4f41f483613297310fe91ebf5c210f6ad4d7d9
Source location: content.xml paragraph 42693
Stored source content
16-107-303. Recovery of money and property from principal debtor.
(a) When any bond, bill, or note for the payment of money or delivery of property shall not be paid by the principal debtor, according to the tenor thereof, and the bond, bill, or note, or any part thereof shall be paid by the security, the principal debtor shall refund to the security the amount or value, with interest thereon at the rate of ten percent (10%) per annum, from the time of payment.
(b)(1) When the payment by a security shall be made in money, the security may recover the money with interest, in an action for so much money, paid to the use of the defendant.
(2) When payment is made in property, he or she may recover the value, with the interest, in an action for so much property sold to the defendant.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.