§ 18-44-506. Surety and conditions
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 […]
§ 18-44-507. Filing
Before any work is performed under the contract, the bond shall be filed with the clerk of the circuit court of the county in which the repairs, alterations, or erection of any building, structure, or improvements are made.
§ 18-44-508. Actions — Limitations
(a) All persons, firms, associations, and corporations who have valid claims against the bond may bring an action thereon against the corporate surety. (b) No action shall be brought on the bond after six (6) months from the date final payment is made on the contract, nor outside the State of Arkansas.
§ 18-44-305. Removal of property subject to lien
(a) Whenever any person shall remove any property subject to a lien under this subchapter to a county other than the one in which the lien has been filed, the lienholder, within ninety (90) days thereafter, may file an itemized inventory of the property so removed, showing how much is due and unpaid thereon, with […]
§ 18-44-401. Accrual of lien — Lien of injury
There shall be a lien on the railroad for the labor, materials, machinery, fixtures, board, provisions, supplies, loss, damage, and services upon the roadbed, buildings, equipment, income, franchise, right-of-way, and all other appurtenances of the railroad for: (1) Every mechanic, contractor, subcontractor, builder, artisan, workman, laborer, or other person who shall do or perform any […]
§ 18-44-402. Priority
A lien created under § 18-44-401 shall be superior and paramount to that of all persons interested in the railroad as managers, lessees, mortgagees, trustees, beneficiaries under trusts, or owners, whether prior in time or not.
§ 18-44-403. Limitations of actions
The lien mentioned in § 18-44-401 shall not be effectual unless suit is brought upon the claim or unless the claim is filed by order of court with the receiver of the railroad within one (1) year after the claim has accrued.
§ 18-44-404. Judgment
The lien shall be mentioned in the judgment rendered for claimant in the ordinary suit for the claim, or in any order of court allowing such claim as a just charge against any railroad in the hands of a receiver.
§ 18-44-405. Enforcement
The lien may be enforced by ordinary levy and sale under final or other process at law or equity.
§ 18-44-501. Purpose
The bond required or authorized in this subchapter shall in itself be a full compliance with all other statutes of this state in effect relating to bond requirements on contracts for the repair, alteration, or erection of any building, structure, or improvement, public or private, it being the intention of this subchapter to provide a […]