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23-32-305. Exemption from posting bond in certain transactions.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-32-305. Exemption from posting bond in certain transactions.
(a) Except when the dollar amount of responsibility assumed exceeds its net capital and surplus, no state or federal savings and loan association, chartered or licensed to do business in this state, shall be required to furnish fidelity, surety, or performance bond, called “bond” in this subchapter, in business transactions involving:
(1) Garnishment;
(2) Replevin;
(3) Foreclosure; and
(4) Forcible entry and detainer.
(b) At the beginning of any proceeding in all such business transactions, the state or federal savings and loan association shall, upon request, furnish to each party to the transaction a copy of its most recent statement of financial condition.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-32-305
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:23-32-305
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0d7c12a49e09a87c1d37642fd973d83c50c85aea9f5e38127d5e46d00074b32d
Source location: content.xml paragraph 16058
Stored source content
23-32-305. Exemption from posting bond in certain transactions.
(a) Except when the dollar amount of responsibility assumed exceeds its net capital and surplus, no state or federal savings and loan association, chartered or licensed to do business in this state, shall be required to furnish fidelity, surety, or performance bond, called “bond” in this subchapter, in business transactions involving:
(1) Garnishment;
(2) Replevin;
(3) Foreclosure; and
(4) Forcible entry and detainer.
(b) At the beginning of any proceeding in all such business transactions, the state or federal savings and loan association shall, upon request, furnish to each party to the transaction a copy of its most recent statement of financial condition.
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