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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-32-304. Construction

Current as of March 28, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-32-304. Construction - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-32-304/

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