(a) If any person or persons, either in the person's or persons' own right or as guardian or guardians, executor or executors, or administrator or administrators, have obtained any allowance, judgment, or decree, either for money or any kind of property, or for the performance of any act, in a probate court, county court, or chancery court existing in any county in the State of Arkansas prior to July 1, 2001, or in any circuit court against any person or persons, either in the person's or persons' own right or as guardian or guardians, executor or executors, or administrator or administrators, the person or persons may file in the office of the clerk of the circuit court a petition, addressed to the circuit court, setting forth therein the amount, nature, and substance of the allowance, judgment, or decree and that the allowance, judgment, or decree has been lost, destroyed, or burned.
(b) Upon the hearing of the petition, if the circuit court is advised of the truth of the matter contained in the petition, it shall thereupon order, adjudge, or decree, as the case may be, that the allowance, judgment, or decree, in conformity with the allegations in the petition, be reinstated upon the records of the circuit court to have the same force and effect and to relate back and take effect from the time when the original allowance, judgment, or decree was rendered.