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2-6-116. Receivership — Sureties.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-6-116. Receivership — Sureties.
When the Director of the State Plant Board is appointed as receiver under this chapter, the surety on the bond of the Class A registrant shall be joined as a party defendant by the director. If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court, and 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) · 2-6-116
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:2-6-116
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d9f32289c9f9cb851222353dc6445444d40e4cd0e753ae1d699393bbe71b9bcf
Source location: content.xml paragraph 1502
Stored source content
2-6-116. Receivership — Sureties.
When the Director of the State Plant Board is appointed as receiver under this chapter, the surety on the bond of the Class A registrant shall be joined as a party defendant by the director. If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court, and 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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