This subchapter shall not create any right in any bondholder for bonds issued pursuant to this subchapter, and no right of such bondholders shall arise under it, until bonds authorized by this subchapter, of the initial issue or series, shall have been sold and delivered by the Arkansas Development Finance Authority.
Ark. Code Ann. § 22-3-1414
Bondholder rights
Acts 1991, No. 1173, § 14.
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.