Arkansas § 26-57-224 Vendor's bond

Arkansas Statutes

§ 26-57-224 — Vendor's bond

Arkansas § 26-57-224

Title26

This text of Arkansas § 26-57-224 (Vendor's bond) 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. § 26-57-224 (2026).

Text

(a)Every vendor before beginning operation or commencing business in this state shall give bond to the State of Arkansas.

(b)The bond shall be conditioned upon the faithful performance of the duties and obligations imposed by this subchapter and the rules promulgated by the Secretary of the Department of Finance and Administration.

(c)The bond required shall be established by the following table:

(1)Up to 30 machines ............... $2,000 (2) 31 to 60 machines ............... 3,000 (3) 61 to 90 machines ............... 4,000 (4) 91 to 120 machines ............... 5,000 (5) Over 120 machines ............... 6,000 (d) This bond shall be executed by a solvent surety company authorized to do business in this state or other responsible surety approved by the secretary.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Every vendor before beginning operation or commencing business in this state shall give bond to the State of Arkansas. (b) The bond shall be conditioned upon the faithful performance of the duties and obligations imposed by this subchapter and the rules promulgated by the Secretary of the Department of Finance and Administration. (c) The bond required shall be established by the following table: (1) Up to 30 machines ............... $2,000 (2) 31 to 60 machines ............... 3,000 (3) 61 to 90 machines ............... 4,000 (4) 91 to 120 machines ............... 5,000 (5) Over 120 machines ............... 6,000 (d) This bond shall be executed by a solvent surety company authorized to do business in this state or other responsible surety approved by the secretary.

Legislative History

Amended by Act 2019, No. 315,§ 3034, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 4119, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4118, eff. 7/1/2019. Acts 1977, No. 546, § 6; A.S.A. 1947, § 84-4506; Acts 1997, No. 1337, §§ 15, 16.