Lien for preliminary expenses
Applied in 1 court decision — leading case Robert D. Holloway, Inc. v. Pine Ridge Addition Residential Property Owners (1998)
Most recently applied in Robert D. Holloway, Inc. v. Pine Ridge Addition Residential Property Owners (April 1998)
Acts 1941, No. 41, § 22; A.S.A. 1947, § 20-722.
(1) In case, for any reason, the improvement contemplated by any suburban improvement district organized under this subchapter is not made, the preliminary expense shall be a first lien upon all the land in the district and shall be paid by a levy of a tax thereon upon the assessed value for county and state taxation.
(2) The levy shall be made by the chancery court of the county and shall be collected by a receiver to be appointed by the court.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.