(a) When the receiver has been qualified, the debtor shall turn over to the receiver all of his or her property. For the real estate he or she shall execute, acknowledge, and deliver to the receiver a proper deed of conveyance.
(b) The debtor shall be allowed by the court to select and reserve whatever property may be allowed to him or her by law as exempt from execution.
Structure Arkansas Code
Title 16 - Practice, Procedure, And Courts
Subtitle 7 - Particular Proceedings And Remedies
Subchapter 3 - Petition by Insolvent Debtor
§ 16-117-301. Complaint to be declared insolvent — Appointment of receiver
§ 16-117-302. Delivery of property — Selection of exempt property
§ 16-117-303. List of creditors furnished — Notice
§ 16-117-304. Attachments — Intervention by receiver — Dismissal and return of property
§ 16-117-305. Receiver to convert property into money