Arkansas Statutes

§ 2-24-110 — Receivership

Arkansas § 2-24-110

This text of Arkansas § 2-24-110 (Receivership) 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. § 2-24-110 (2026).

Text

(a)Following the suspension of a dealer's license under this chapter, the State Plant Board may file a verified petition in a court of competent jurisdiction requesting the appointment of a receiver to take custody of the assets of the dealer and provide for the disposition of the assets under the supervision of the court.
(b)A petition for the appointment of a receiver shall be filed in the county in which the dealer is located.
(c)Upon receiving a petition for the appointment of a receiver under this section, a court may issue any temporary orders necessary to preserve or protect the assets in receivership, the value of the assets in receivership, and the rights of the dealer's creditors until a plan of disposition is approved.
(d)The board may be appointed as receiver in an action b

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Legislative History

Added by Act 2015, No. 601,§ 1, eff. 3/23/2015.

Nearby Sections

15
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Bluebook (online)
Arkansas § 2-24-110, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/2-24-110.