In any action brought against a surety insurer to enforce the liability assumed by it under any bond or contract, the insurer is estopped from denying its corporate or other power to execute that bond or guaranty or to assume the liability.
Ark. Code Ann. § 23-63-1004
Estoppel to deny corporate power to be surety
Acts 1959, No. 148, § 452; A.S.A. 1947, § 66-4104.
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.