Arkansas § 2-17-409 Joining of surety

Arkansas Statutes

§ 2-17-409 — Joining of surety

Arkansas § 2-17-409

Title2

This text of Arkansas § 2-17-409 (Joining of surety) 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. § 2-17-409 (2026).

Text

(a)When the Public Grain Warehouse Commissioner is appointed as receiver under this subchapter, the surety on the bond of the licensee shall be joined as a party defendant by the commissioner.

(b)(1) If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court.

(2)When so paid, the surety shall be absolutely discharged from any further liability under the bond to the extent of the payment.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) When the Public Grain Warehouse Commissioner is appointed as receiver under this subchapter, the surety on the bond of the licensee shall be joined as a party defendant by the commissioner. (b) (1) If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court. (2) When so paid, the surety shall be absolutely discharged from any further liability under the bond to the extent of the payment.