(a) All real property of a rural development authority shall be exempt from levy and sale by virtue of an execution. No execution or other judicial process shall issue against it, nor shall any judgment against an authority be a charge or lien upon its real property.
(b) The provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of any authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by an authority on its rents, fees, or revenues.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 188 - Rural Development Authorities
§ 14-188-102. Legislative declarations
§ 14-188-104. Creation of authorities
§ 14-188-105. Appointment of commissioners, etc
§ 14-188-106. Rules and regulations
§ 14-188-107. Interest of commissioners or employees prohibited
§ 14-188-108. Removal of commissioner
§ 14-188-109. Powers of authority generally
§ 14-188-110. Issuance of bonds and other evidence of indebtedness
§ 14-188-111. Powers in connection with issuance of bonds, etc
§ 14-188-112. Form and sale of bonds, etc
§ 14-188-113. Validation of indebtedness
§ 14-188-114. Remedies of obligees
§ 14-188-115. Additional remedies conferrable on obligees
§ 14-188-116. Exemption from lien and execution sale
§ 14-188-117. Exemption from taxes or assessments
§ 14-188-118. Security for deposits
§ 14-188-119. Cooperation by authorities
§ 14-188-120. Aid and cooperation by state public bodies