Arkansas § 2-24-110 - Receivership.
Full text of Arkansas Arkansas Code of 1987 Annotated § 2-24-110 — Receivership., with citation guidance and answers to common questions.
§ 2-24-110. Receivership.
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. A petition for the appointment of a receiver shall be filed in the county in which the dealer is located. 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. The board may be appointed as receiver in an action brought under this section.
Frequently Asked Questions About Arkansas § 2-24-110
What does Arkansas Code of 1987 Annotated § 2-24-110 cover?
Section 2-24-110 ("Receivership.") 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 § 2-24-110?
A common citation format is "Arkansas Code of 1987 Annotated § 2-24-110" (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 § 2-24-110 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.