§ 26-37-209 - Compensation for improvements. - Arkansas Statutes

26-37-209. Compensation for improvements.

(a) (1) No purchaser under this chapter of any land or town lot or city lot nor any person claiming under him or her shall be entitled to any compensation for any improvement that he or she shall make on the land or town lot or city lot within the time frame established in 26-37-203.

(2) No purchaser of land that was sold at a negotiated sale under 26-37-101 shall be entitled to any compensation for any improvement that he or she makes to the land within the time frame established in 26-37-203.

(b) (1) For an improvement made after the expiration of the time frame established in 26-37-203, the purchaser under this chapter shall be allowed the full cash value of the improvement, and the allowance shall be a charge upon the land.

(2) For an improvement made after the expiration of the time frame established in 26-37-203 to a subdivided lot that was purchased at a negotiated sale under 26-37-202(b), the purchaser shall be allowed the full cash value of the improvement, and the allowance shall be a charge upon the land.