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Section 22-9-405 - Prohibition on directed suretyship — Arkansas Law | CourtGPT
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  3. Arkansas/
  4. Title 22 - Public Property/
  5. Subchapter 9 - Fair Notice and Efficiency in Public Works Act (§§ 22-9-901 — 22-9-909)/
  6. Subchapter 4 - Contractors' Bonds/
  7. Section 22-9-405 - Prohibition on directed suretyship
Arkansas Legal Code

Section 22-9-405 - Prohibition on directed suretyship

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(a) It is unlawful for any contracting body referenced in § 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program.(b) Any person who violates the provisions of this section is guilty of a Class A misdemeanor.Acts 2001, No. 771, § 1.