Arkansas § 15-56-308 - Discharge of receiver — Accounting.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-56-308 — Discharge of receiver — Accounting., with citation guidance and answers to common questions.
§ 15-56-308. Discharge of receiver — Accounting.
Upon any lease or contract being executed by the receiver appointed by the circuit court as provided in this subchapter, and upon the lease or contract's being reported, and approved by the court, and all considerations, if any, being accounted for by the receiver, with any money left in the hands of the receiver being paid into the registry of the court, the receiver shall be discharged, and the lessee or assigns shall thereafter account to the respective owners for all royalties arising or accruing under the term of the lease or contract, with payment to be made by the lessee or operator for any unknown persons into the registry of the court as the interest of the persons may appear.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-56-308
What does Arkansas Code of 1987 Annotated § 15-56-308 cover?
Section 15-56-308 ("Discharge of receiver — Accounting.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-56-308?
A common citation format is "Arkansas Code of 1987 Annotated § 15-56-308" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-56-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.