Arkansas § 23-32-305 Exemption from posting bond in certain transactions

Arkansas Statutes

§ 23-32-305 — Exemption from posting bond in certain transactions

Arkansas § 23-32-305

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This text of Arkansas § 23-32-305 (Exemption from posting bond in certain transactions) 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. § 23-32-305 (2026).

Text

(a)Except when the dollar amount of responsibility assumed exceeds its net capital and surplus, no state or federal savings and loan association, chartered or licensed to do business in this state, shall be required to furnish fidelity, surety, or performance bond, called "bond" in this subchapter, in business transactions involving:

(1)Garnishment;

(2)Replevin;

(3)Foreclosure; and (4) Forcible entry and detainer.

(b)At the beginning of any proceeding in all such business transactions, the state or federal savings and loan association shall, upon request, furnish to each party to the transaction a copy of its most recent statement of financial condition.

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(a) Except when the dollar amount of responsibility assumed exceeds its net capital and surplus, no state or federal savings and loan association, chartered or licensed to do business in this state, shall be required to furnish fidelity, surety, or performance bond, called "bond" in this subchapter, in business transactions involving: (1) Garnishment; (2) Replevin; (3) Foreclosure; and (4) Forcible entry and detainer. (b) At the beginning of any proceeding in all such business transactions, the state or federal savings and loan association shall, upon request, furnish to each party to the transaction a copy of its most recent statement of financial condition.