Ark. Code § 14-121-1005
Current with legislation from 2024 effective through May 3, 2024.
No dissolution of a district under the terms of this act shall impair or deny any creditor of the district the right to the collection of its bona fide and valid indebtedness existing against the district, but the creditors of the district shall be subject to the provisions of this act in connection with the presentation, allowance, or other adjudication with reference to their claim.
Ark. Code § 14-121-1005