Browse Arkansas Code titles and sections
26-55-224. Bonds — Additional bonds — Conditions for requirement.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-55-224. Bonds — Additional bonds — Conditions for requirement.
(a) In the event that upon a hearing, of which the distributor shall be given five (5) days' notice in writing, the Secretary of the Department of Finance and Administration shall decide that the amount of the existing bond is insufficient to ensure payment to the State of Arkansas of the amount of the tax and any penalties and interest for which the distributor is or may at any time become liable, then the distributor upon the written demand of the secretary shall immediately file an additional bond in the same manner and form with a surety company thereon approved by the secretary in any amount determined by the secretary to be necessary to secure at all times the payment by the distributor to the State of Arkansas of all taxes, penalties, and interest due under the provisions of this subchapter.
(b) If the distributor fails to do so, the secretary shall immediately cancel the license certificate of the distributor.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-55-224
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:26-55-224
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 74e4201e7a0489725632614f7e7f098af4b8c35508f6068769cb3c80569fb258
Source location: content.xml paragraph 23386
Stored source content
26-55-224. Bonds — Additional bonds — Conditions for requirement.
(a) In the event that upon a hearing, of which the distributor shall be given five (5) days' notice in writing, the Secretary of the Department of Finance and Administration shall decide that the amount of the existing bond is insufficient to ensure payment to the State of Arkansas of the amount of the tax and any penalties and interest for which the distributor is or may at any time become liable, then the distributor upon the written demand of the secretary shall immediately file an additional bond in the same manner and form with a surety company thereon approved by the secretary in any amount determined by the secretary to be necessary to secure at all times the payment by the distributor to the State of Arkansas of all taxes, penalties, and interest due under the provisions of this subchapter.
(b) If the distributor fails to do so, the secretary shall immediately cancel the license certificate of the distributor.
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.