Statutes, codes, and regulations
Arkansas Code of 1987
Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIESSubtitle 3 - INSURANCEChapter 63 - INSURANCE COMPANIES GENERALLY
Subchapter 10 - SURETIES ON BONDS
Section 23-63-1004 - Estoppel to deny corporate power to be surety

Ark. Code § 23-63-1004

Download
PDF
Current with legislation from 2024 Fiscal and Special Sessions.
Section 23-63-1004 - Estoppel to deny corporate power to be surety

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 § 23-63-1004

Acts 1959, No. 148, § 452; A.S.A. 1947, § 66-4104.