Arkansas Code Title 16, Subtitle 7, Chapter 117, Subchapter 4 - Assignments for Benefit of Creditors

• § 16-117-401 - Assignee to Take Possession of Property -- Inventory -- Bond to Be Given.
  (a) In all cases in which any person makes an assignment of his or her property for the benefit of his creditors, it shall...
• § 16-117-402 - Actions Contesting Assignment.
  (a) All proceedings for the purpose of contesting the validity of the assignment shall be instituted within six (6) months from the date of...
• § 16-117-403 - Contest of Assignment Due to Fraud.
  Any assignment for the benefit of creditors may be contested or attacked for fraud by any creditors. Proof of fraud on the part of...
• § 16-117-404 - Sale or Disposal of Property.
  (a) Upon the petition of any person interested in the execution of the assignment presented to the circuit court, setting forth the necessity for...
• § 16-117-405 - Employment of Counsel by Assignee.
  In case any portion of the property involved in the assignment becomes involved in litigation, that fact, when made known to the circuit court...
• § 16-117-406 - Account of Assignee -- Allowances to Assignee.
  (a) The assignee shall, in the circuit court of the county in which the assignment is made, after one (1) year from the date...
• § 16-117-407 - Liability of Assignee on Bond.
  The assignee shall be liable upon his bond to anyone interested in the property included in the assignment for any loss that may occur...

Last modified: November 15, 2016