Any assignment for the benefit of creditors may be contested or attacked for fraud by any creditors. Proof of fraud on the part of the assignor shall be sufficient to invalidate the assignment, whether the assignee knew of it or not.
Structure Arkansas Code
Title 16 - Practice, Procedure, And Courts
Subtitle 7 - Particular Proceedings And Remedies
Subchapter 4 - Assignments for Benefit of Creditors
§ 16-117-401. Assignee to take possession of property — Inventory — Bond to be given
§ 16-117-402. Actions contesting assignment
§ 16-117-403. Contest of assignment due to fraud
§ 16-117-404. Sale or disposal of property
§ 16-117-405. Employment of counsel by assignee