Form U-Sb - Uniform Surety Bond Form - Securities Departmnt (Page 2 of 4) in pdf

Form U-Sb - Uniform Surety Bond Form - Securities Departmnt Page 2

FORM U-SB

PAGE 2 OF 4

LIABILITY for the payment of this sum, to which we hereby obligate and bond ourselves, our

heirs, executors, administrators, successors and assigns, jointly and severally, becomes effective

upon the following conditions:

Registration of the Principal to transact business in the State of Arkansas as a

Designate whether principal is a broker-dealer, investment adviser, agent of the issuer

Failure by the Principal to strictly with all applicable provisions of, and orders,

rules and regulations issued pursuant to, the Arkansas Securities Act [Ark. Code

Ann. § 23-42-101 et seq. (1987)].

THIS Bond shall expire at such time as the Principal’s registration is withdrawn, terminates

through non-renewal or is revoked by the Arkansas Securities Department except as to liability

for acts or omissions which occur prior to such time. This Bond may also be cancelled by the

Surety upon sixty (60) days written notice by registered mail to the Principal and to the Arkansas

Securities Department in which case this Bond shall be considered cancelled upon the expiration

of said sixty (60) day period except as to liability for acts or omissions which occur prior to the

date of cancellation. Notice shall be deemed effective upon the receipt by the Arkansas

Securities Department of said written notice along with sufficient proof of notice to the Principal.

NO suit may be maintained to enforce any liability arising under this Bond unless brought within

five (5) years after the act or omission upon which jurisdiction against the Principal and/or the

Surety upon this Bond.

IT is understood and agreed that any person(s) having a claim under the conditions of this

obligation may initiate suit in any court of competent jurisdiction against the Principal and/or the

Surety upon this Bond.

Form U-Sb - Uniform Surety Bond Form - Securities Departmnt Page 2