Arkansas § 18-44-506 Surety and conditions

Arkansas Statutes

§ 18-44-506 — Surety and conditions

Arkansas § 18-44-506

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This text of Arkansas § 18-44-506 (Surety and conditions) 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. § 18-44-506 (2026).

Text

The payment bond or performance bond required or authorized in this subchapter shall be:

(1)Executed by a solvent corporate surety company authorized to do business in the State of Arkansas; and (2) Conditioned that the contractor shall:

(A)Perform his or her obligations under the construction contract, public construction contract, or real estate contract; and (B) Pay all amounts owed for labor and materials furnished or performed under the construction contract, public construction contract, or real estate construction contract.

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The payment bond or performance bond required or authorized in this subchapter shall be: (1) Executed by a solvent corporate surety company authorized to do business in the State of Arkansas; and (2) Conditioned that the contractor shall: (A) Perform his or her obligations under the construction contract, public construction contract, or real estate contract; and (B) Pay all amounts owed for labor and materials furnished or performed under the construction contract, public construction contract, or real estate construction contract.