Arkansas § 2-6-116 - Receivership — Sureties.
Full text of Arkansas Arkansas Code of 1987 Annotated § 2-6-116 — Receivership — Sureties., with citation guidance and answers to common questions.
§ 2-6-116. Receivership — Sureties.
When the Director of the State Plant Board is appointed as receiver under this chapter, the surety on the bond of the Class A registrant shall be joined as a party defendant by the director. If required by the court, the surety shall pay the bond proceeds, or so much thereof as the court finds necessary, into the court, and when so paid the surety shall be absolutely discharged from any further liability under the bond to the extent of the payment.
Frequently Asked Questions About Arkansas § 2-6-116
What does Arkansas Code of 1987 Annotated § 2-6-116 cover?
Section 2-6-116 ("Receivership — Sureties.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 2-6-116?
A common citation format is "Arkansas Code of 1987 Annotated § 2-6-116" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 2-6-116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.