§ 23-32-304 — Construction

Arkansas § 23-32-304

• Jurisdiction: Arkansas
• Title: 23

Text

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 and loan associations for injury or damage; and (D) Bonding requirements involving fiduciary activities of a guardian, executor, administrator, personal representative, trustee, agent, or other fiduciary under the Probate Code or under any other laws covering fiduciary activities.

Legislative History

Acts 1997, No. 84, § 4.