Arkansas § 2-17-415 Distribution plan

Arkansas Statutes

§ 2-17-415 — Distribution plan

Arkansas § 2-17-415

Title2

This text of Arkansas § 2-17-415 (Distribution plan) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 2-17-415 (2026).

Text

(a)(1) In the event the approved plan of disposition requires the sale of stored grain or the distribution of proceeds from the surety bond, or both, the Public Grain Warehouse Commissioner shall submit to the court a proposed plan of distribution of those proceeds.

(2)Upon such notice and hearing as may be required by the court, the court shall accept or modify the proposed plan.

(b)When the plan is approved by the court and executed by the commissioner, the commissioner shall be discharged and the receivership terminated.

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(a) (1) In the event the approved plan of disposition requires the sale of stored grain or the distribution of proceeds from the surety bond, or both, the Public Grain Warehouse Commissioner shall submit to the court a proposed plan of distribution of those proceeds. (2) Upon such notice and hearing as may be required by the court, the court shall accept or modify the proposed plan. (b) When the plan is approved by the court and executed by the commissioner, the commissioner shall be discharged and the receivership terminated.