Arkansas § 22-9-405 Prohibition on directed suretyship

Arkansas Statutes

§ 22-9-405 — Prohibition on directed suretyship

Arkansas § 22-9-405

Title22

This text of Arkansas § 22-9-405 (Prohibition on directed suretyship) 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. § 22-9-405 (2026).

Text

(a)It is unlawful for any contracting body referenced in § 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program.

(b)Any person who violates the provisions of this section is guilty of a Class A misdemeanor.

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(a) It is unlawful for any contracting body referenced in § 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program. (b) Any person who violates the provisions of this section is guilty of a Class A misdemeanor.