Arkansas Code § 14-316-106 - Cancellation of Assessment Liens When Roads are Taken by State or No Bonds Were Issued

All liens are cancelled when:

(1) There is of record any unsatisfied lien by virtue of any assessment, pledge, or mortgage, delinquent record, or decree of foreclosure made or created under authority of any general or special law relating to a road improvement district of this state or bridge improvement district of which all bonds and other obligations of the district have been paid, and the district has been completely absorbed or taken over by the state or by the Arkansas State Highway and Transportation Department; or

(2) The improvements have been completed or abandoned without the issuance of bonds, there are no outstanding obligations of the district, and there remains of record an assessment of benefits lien against the lands of the district.

Section: Previous  14-316-102  14-316-103  14-316-104  14-316-105  14-316-106  14-316-107  14-316-108  14-316-109    Next

Last modified: November 15, 2016