The plan of disposition, as approved by the court, shall provide for the distribution of the processed catfish, or the proceeds from the sale of processed catfish or the proceeds from any surety bond, or any combination thereof, less expenses incurred by the Director of the State Plant Board in connection with the receivership, to producers on a pro rata basis as their interests are determined. Distribution shall be without regard to any setoff, counterclaim, or charge.
Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 6 - Catfish Processor Fair Practices Act
§ 2-6-105. Registration and suspension — Exception
§ 2-6-106. Unlawful practices — Penalties
§ 2-6-107. Purchase methods — Delays
§ 2-6-109. Receivership — Petition — Assets
§ 2-6-110. Receivership — Plan for disposition of catfish
§ 2-6-111. Receivership — Hearings on plan — Notice — Service
§ 2-6-112. Receivership — Notification to weigh ticket holders
§ 2-6-113. Receivership — Publication of notification of receiver's appointment
§ 2-6-114. Receivership — Designee — Duties of director
§ 2-6-115. Receivership — Applicability of administrative procedures
§ 2-6-116. Receivership — Sureties
§ 2-6-117. Receivership — Notice of claims filing deadline
§ 2-6-118. Receivership — Sale of processed catfish — Merchandiser
§ 2-6-119. Receivership — Distribution to producers
§ 2-6-120. Receivership — Continued operation of business
§ 2-6-121. Receivership — Reimbursement