In lieu of furnishing a bond executed by a surety company, as hereinbefore provided, any distributor may furnish the distributor's bond or bonds not so executed, if the distributor concurrently therewith deposits and pledges with the Director of the Department of Finance and Administration direct obligations of the United States or obligations of any agency of the United States fully guaranteed by it or bonds of the State of Arkansas of equal full amount to the amount of the bond required by ยง 26-55-222, as collateral security for the payment of the bonds.
Section: Previous 26-55-216 26-55-217 26-55-218 26-55-219 26-55-220 26-55-221 26-55-222 26-55-223 26-55-224 26-55-225 26-55-226 26-55-229 26-55-230 26-55-231 26-55-232 NextLast modified: November 15, 2016