Arkansas Statutes
§ 22-9-405 — Prohibition on directed suretyship
Arkansas·Title 22
(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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Legislative History
Acts 2001, No. 771, § 1.
Nearby Sections
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Legislative findings - Purpose§ 22-10-103
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Requirements for proposals