§ 23-32-304 - Construction. - Arkansas Statutes

23-32-304. Construction.

Nothing in this subchapter shall be construed to:

(1) Prevent a state or federal savings and loan association from electing or agreeing to furnish bond at its own cost;

(2) Prevent any other party of interest, desiring protection in a business transaction with a state or federal savings and loan association, from electing to secure and pay for a bond covering the state or federal savings and loan association to the benefit of such a party to the transaction; and

(3) Amend or repeal any law pertaining to:

(A) Corporate surety or indemnity bonds covering directors, officers, or employees of such state or federal savings and loan association;

(B) Foreign corporations, associations, or institutions not authorized to do business in this state;

(C) Actions available against such state or federal savings and loan associations for injury or damage; and

(D) Bonding requirements involving fiduciary activities of a guardian, executor, administrator, personal representative, trustee, agent, or other fiduciary under the Probate Code or under any other laws covering fiduciary activities.