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2-17-409. Joining of surety.

Arkansas Code — all titles (historical 2020) · legal_authorities

2-17-409. Joining of surety.

2-17-409. Joining of surety. (a) When the Public Grain Warehouse Commissioner is appointed as receiver under this subchapter, the surety on the bond of the licensee shall be joined as a party defendant by the commissioner. (b)(1) If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court. (2) When so paid, the surety shall be absolutely discharged from any further liability under the bond to the extent of the payment.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-17-409

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.

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Record provenance

Stable record: arkansas_code:legal_authorities:2-17-409
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ccc1ba0de51c547dfcd78cbc5f24903a2c0b08e57935361a3659be88d203bed7

Source location: content.xml paragraph 4491

Stored source content

2-17-409. Joining of surety. (a) When the Public Grain Warehouse Commissioner is appointed as receiver under this subchapter, the surety on the bond of the licensee shall be joined as a party defendant by the commissioner. (b)(1) If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court. (2) When so paid, the surety shall be absolutely discharged from any further liability under the bond to the extent of the payment.

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