Any person, firm, corporation, or association entering into a contract for the repair, alteration, or erection of any building, structure, or improvement may, at his or her or its option, require the contractor to furnish a bond in a sum equal to the amount of the contract.
Ark. Code Ann. § 18-44-505
Option for private construction
Acts 1953, No. 351, § 3; A.S.A. 1947, § 51-634.
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.