Actions — Limitations
Applied in 2 court decisions — leading case 2009 Ark. App. 405 - Alliance Steel, Inc. v. TNT Construction, Inc. (2009)
Most recently applied in 2009 Ark. App. 405 - Alliance Steel, Inc. v. TNT Construction, Inc. (May 2009)
Acts 1953, No. 351, § 5; A.S.A. 1947, § 51-636.
(1) All persons, firms, associations, and corporations who have valid claims against the bond may bring an action thereon against the corporate surety.
(2) No action shall be brought on the bond after six (6) months from the date final payment is made on the contract, nor outside the State of Arkansas.
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.