Skip to main content
Find a Lawyer

Arkansas Code Title 28. Wills, Estates, and Fiduciary Relationships § 28-48-201. Bond

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

(a) Prior to the issuance of letters of administration or at any time during the pendency of the matter, the court may require a bond from the personal representative with a corporate surety authorized to do business in this state for the benefit of the interested parties, or such other bond that the court deems appropriate.

(b)(1) If a person or entity asserting a claim against the estate or having or claiming any interest in the estate files a written demand, the court shall:

(A) Immediately direct that a bond be secured or increased; or

(B) Hold a hearing at the earliest reasonable date to consider whether a bond shall be secured or increased and, if a bond will be secured or increased, the amount of the bond or increase of bond.

(2) In the event that a bond is ordered or increased by the court upon written demand under subdivision (b)(1)(A) of this section, the personal representative may request an immediate hearing for reconsideration of the bond.

(c) When two (2) or more persons are appointed personal representatives of the same estate and are required to give a bond, the court may require either a separate bond from each or one (1) bond from all of them.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arkansas Code Title 28. Wills, Estates, and Fiduciary Relationships § 28-48-201. Bond - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-28-wills-estates-and-fiduciary-relationships/ar-code-sect-28-48-201/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard