Arkansas Statutes

§ 14-121-1005 — Valid indebtedness unimpaired

Arkansas § 14-121-1005

This text of Arkansas § 14-121-1005 (Valid indebtedness unimpaired) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 14-121-1005 (2026).

Text

No dissolution of a district under the terms of this act shall impair or deny any creditor of the district the right to the collection of its bona fide and valid indebtedness existing against the district, but the creditors of the district shall be subject to the provisions of this act in connection with the presentation, allowance, or other adjudication with reference to their claim.

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Legislative History

Acts 1955, No. 116, § 5; A.S.A. 1947, § 21-561.5.

Nearby Sections

15
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Bluebook (online)
Arkansas § 14-121-1005, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/14-121-1005.