Browse Arkansas Code titles and sections
26-57-224. Vendor's bond.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-57-224. Vendor's bond.
(a) Every vendor before beginning operation or commencing business in this state shall give bond to the State of Arkansas.
(b) The bond shall be conditioned upon the faithful performance of the duties and obligations imposed by this subchapter and the rules promulgated by the Secretary of the Department of Finance and Administration.
(c) The bond required shall be established by the following table:
(1) Up to 30 machines $2,000
(2) 31 to 60 machines 3,000
(3) 61 to 90 machines 4,000
(4) 91 to 120 machines 5,000
(5) Over 120 machines 6,000
(d) This bond shall be executed by a solvent surety company authorized to do business in this state or other responsible surety approved by the secretary.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-57-224
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-57-224
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fd3b4a9e205f83fb889b4951948bc1750b2e3bfc27403eed0b26b465c9b6d23e
Source location: content.xml paragraph 26341
Stored source content
26-57-224. Vendor's bond.
(a) Every vendor before beginning operation or commencing business in this state shall give bond to the State of Arkansas.
(b) The bond shall be conditioned upon the faithful performance of the duties and obligations imposed by this subchapter and the rules promulgated by the Secretary of the Department of Finance and Administration.
(c) The bond required shall be established by the following table:
(1) Up to 30 machines $2,000
(2) 31 to 60 machines 3,000
(3) 61 to 90 machines 4,000
(4) 91 to 120 machines 5,000
(5) Over 120 machines 6,000
(d) This bond shall be executed by a solvent surety company authorized to do business in this state or other responsible surety approved by the secretary.
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