Arkansas § 23-69-154 Voluntary dissolution - Distribution of assets to stockholders

Arkansas Statutes

§ 23-69-154 — Voluntary dissolution - Distribution of assets to stockholders

Arkansas § 23-69-154

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This text of Arkansas § 23-69-154 (Voluntary dissolution - Distribution of assets to stockholders) 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. § 23-69-154 (2026).

Text

(a)The trustees in dissolution of a domestic stock insurer under § 23-69-151 , after payment of all special and general liens upon the funds of the corporation to the extent of their lawful priority, shall pay the other debts due from the corporation.

(b)After allowing for such expenses of distribution as may be reasonable, the trustees shall distribute the remaining assets of the corporation among its stockholders as entitled thereto.

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(a) The trustees in dissolution of a domestic stock insurer under § 23-69-151 , after payment of all special and general liens upon the funds of the corporation to the extent of their lawful priority, shall pay the other debts due from the corporation. (b) After allowing for such expenses of distribution as may be reasonable, the trustees shall distribute the remaining assets of the corporation among its stockholders as entitled thereto.