In case any portion of the property involved in the assignment becomes involved in litigation, that fact, when made known to the circuit court by the assignee, shall authorize the circuit court to direct the assignee to employ counsel either to prosecute or defend in the litigation. The circuit court shall stipulate in the order the percentage to be allowed the attorney as the fee for his or her services, which is to be paid out of the estate.
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