The bond required or authorized in this subchapter shall be executed by a solvent corporate surety company authorized to do business in the State of Arkansas. The bond shall be conditioned that the contractor shall faithfully perform his or her contract and shall pay all indebtedness for labor and materials furnished or performed in the repair, alteration, or erection.
Section: Previous 18-44-502 18-44-503 18-44-504 18-44-505 18-44-506 18-44-507 18-44-508 NextLast modified: November 15, 2016