Arkansas § 2-6-122 Receivership - Proceeds - Termination

Arkansas Statutes

§ 2-6-122 — Receivership - Proceeds - Termination

Arkansas § 2-6-122

Title2

This text of Arkansas § 2-6-122 (Receivership - Proceeds - Termination) 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. § 2-6-122 (2026).

Text

In the event the approved plan of disposition requires the sale of processed catfish, or the distribution of proceeds from the surety bond, or both, the Secretary of the Department of Agriculture or his or her designee shall submit to the court a proposed plan of distribution of those proceeds. Upon such notice and hearing as may be required by the court, the court shall accept or modify the proposed plan. When the plan is approved by the court and executed by the secretary or his or her designee, the secretary or his or her designee shall be discharged and the receivership terminated.

Free access — add to your briefcase to read the full text and ask questions with AI

In the event the approved plan of disposition requires the sale of processed catfish, or the distribution of proceeds from the surety bond, or both, the Secretary of the Department of Agriculture or his or her designee shall submit to the court a proposed plan of distribution of those proceeds. Upon such notice and hearing as may be required by the court, the court shall accept or modify the proposed plan. When the plan is approved by the court and executed by the secretary or his or her designee, the secretary or his or her designee shall be discharged and the receivership terminated.