Arkansas Statutes

§ 23-32-304 — Construction

Arkansas·Title 23

Nothing in this subchapter shall be construed to:

(1)Prevent a state or federal savings and loan association from electing or agreeing to furnish bond at its own cost;
(2)Prevent any other party of interest, desiring protection in a business transaction with a state or federal savings and loan association, from electing to secure and pay for a bond covering the state or federal savings and loan association to the benefit of such a party to the transaction; and (3) Amend or repeal any law pertaining to:
(A)Corporate surety or indemnity bonds covering directors, officers, or employees of a state or federal savings and loan association;
(B)Foreign corporations, associations, or institutions not authorized to do business in this state;
(C)Actions available against state or federal savings

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Legislative History

Acts 1997, No. 84, § 4.

Nearby Sections

15
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