(a) The plan of disposition, as approved by the court, shall provide for the distribution of the stored grain or the proceeds from the sale of stored grain or the proceeds from any surety bond, or any combination thereof, less expenses incurred by the Public Grain Warehouse Commissioner in connection with the receivership, to depositors on a pro rata basis as their interests are determined.
(b) Distribution shall be without regard to any setoff, counterclaim, or storage lien or charge.
Structure Arkansas Code
Chapter 17 - Warehousing of Grain
Subchapter 4 - Public Warehouses — Receivership
§ 2-17-402. Filing of petition
§ 2-17-403. Plan for disposition of grain
§ 2-17-405. Notice and parties
§ 2-17-406. Publication of appointment
§ 2-17-407. Designation of employee to appear
§ 2-17-408. Arkansas Administrative Procedure Act
§ 2-17-410. Time for filing claims
§ 2-17-411. Merchandiser to effect sale
§ 2-17-412. Distribution of grain or proceeds
§ 2-17-413. Temporary continuation of business