All endorsers or assignors of any instrument in writing assignable by law for the payment of money alone, on receiving due notice of the nonpayment or protest of any endorsed or assigned instrument in writing, shall be equally liable with the maker, obligor, or payee of the instrument, and may be sued for the same at the same time with the maker, obligor, or payee thereof, or may be sued separately.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 5 - Contracts, Notes, and Other Commercial Instruments
§ 4-58-101. Remedies unaltered by chapter
§ 4-58-102. Assignment of certain instruments authorized
§ 4-58-104. Date of assignment
§ 4-58-105. Completion of assignments — Rights and remedies of debtor and subsequent assignees
§ 4-58-106. Powers of assignor after assignment
§ 4-58-107. Vendor's lien inures to benefit of assignee
§ 4-58-108. Liability of assignors upon nonpayment or protest of instrument