Arkansas Code
Subtitle 2 - Financial Institutions And Securities
Chapter 49 - Dissolution and Liquidation

§ 23-49-101. Definitions - As used in this chapter: (1) “Circuit court” means the...

§ 23-49-102. Department taking possession — Procedure - (a) In addition to the powers conferred upon the Bank...

§ 23-49-103. Injunction against commissioner - (a) Whenever any institution of whose business, property, and records...

§ 23-49-104. When possession terminates - When the Bank Commissioner has taken possession of the business...

§ 23-49-105. Notice of possession - (a) Immediately upon taking possession of the business and property...

§ 23-49-106. Appointment of receiver — Restrictions on proceedings, liens, or credits - (a) (1) The Bank Commissioner may appoint the appropriate federal...

§ 23-49-107. Powers of receiver - The receiver of a closed institution may do the following:...

§ 23-49-108. Sale of assets — Assumption of deposit liabilities by new institution - (a) The receiver may, with ex parte approval of the...

§ 23-49-109. Presentation of claims — Notice of claims procedure — Rejection of claims — Statute of limitations - (a) All parties having claims against the closed institution shall...

§ 23-49-110. Claims filed after 180-day claim period - Any claims filed after the one-hundred-eighty-day claim period prescribed by...

§ 23-49-111. Payment of claims - (a) All claims against the institution's estate, proved to the...

§ 23-49-112. Rejection of contracts and leases - (a) Within one hundred eighty (180) days after the date...

§ 23-49-113. Subrogation of federal deposit insurance agency to rights of depositors - Whenever a federal deposit insurance agency pays or makes available...

§ 23-49-114. Appointment of successor to fiduciary and representative proceedings - (a) (1) The receiver, with the approval of the circuit...

§ 23-49-115. Notice concerning safekeeping and safe-deposit boxes - (a) (1) The receiver shall cause notice to be mailed...

§ 23-49-116. Actions for enforcement of rights, demands, or claims vested in an institution or its shareholders or creditors - Notwithstanding any other provision of state law, the receiver may,...

§ 23-49-117. Contents of articles of dissolution - When the proceedings described in this chapter have been completed,...

§ 23-49-118. Execution and filing of articles with department — Certificate of dissolution - (a) The articles of dissolution shall be executed in duplicate...

§ 23-49-119. Voluntary liquidation - (a) (1) An application for approval to voluntarily liquidate the...

§ 23-49-120. Voluntarily placing an institution in possession of commissioner - (a) Any institution may place its affairs and assets under...