Arkansas Statutes

§ 16-117-407 — Liability of assignee on bond

Arkansas § 16-117-407

This text of Arkansas § 16-117-407 (Liability of assignee on bond) 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. § 16-117-407 (2026).

Text

The assignee shall be liable upon his or her bond to anyone interested in the property included in the assignment for any loss that may occur by reason of his or her negligence or mismanagement of the property after the property comes into his or her possession. He or she shall also be liable for any failure upon his or her part to obey the orders of the circuit court in relation thereto or to carry out the provisions of the assignment.

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Legislative History

Acts 1895, No. 109, § 2, p. 162; C. & M. Dig., § 487; Pope's Dig., § 524; A.S.A. 1947, § 36-302.

Nearby Sections

15
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Bluebook (online)
Arkansas § 16-117-407, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/16-117-407.