Right to mortgage or encumber property — Right to cure default
Acts 1983 (1st Ex
(1) The transfer of any property shall authorize the owner to mortgage or otherwise encumber the property.
(2) However, the board shall retain the right to cure any default of the owner that could result in loss of possession by the owner, including a default in the payment of property taxes owed by such owner.
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.