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2-6-110. Receivership — Plan for disposition of catfish.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-6-110. Receivership — Plan for disposition of catfish.
A petition filed by the Director of the State Plant Board under § 2-6-109 shall be accompanied by the director's plan for disposition of the processed catfish. The plan may provide for the pro rata delivery of part or all of the processed catfish to producers holding weigh tickets, or may provide for the sale under the supervision of the director of part or all of the processed catfish for the benefit of those producers, or may provide for any combination thereof, as the director in his or her discretion determines to be necessary to minimize losses.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-6-110
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:2-6-110
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e4670292e108ce8da823702f9ca853ecb48dd39d0fd860e6d61a7fb4b26b19e0
Source location: content.xml paragraph 1468
Stored source content
2-6-110. Receivership — Plan for disposition of catfish.
A petition filed by the Director of the State Plant Board under § 2-6-109 shall be accompanied by the director's plan for disposition of the processed catfish. The plan may provide for the pro rata delivery of part or all of the processed catfish to producers holding weigh tickets, or may provide for the sale under the supervision of the director of part or all of the processed catfish for the benefit of those producers, or may provide for any combination thereof, as the director in his or her discretion determines to be necessary to minimize losses.
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Arkansas Code — all titles (historical 2020) · legal_authorities
2-6-109. Receivership — Petition — Assets.
(a) The Director of the State Plant Board in his or her discretion may, following a suspension of a Class A registrant as provided in this chapter, file a verified petition in the proper court requesting that the director be appointed as a receiver to take custody of catfish in the registrant's facility and to provide for the disposition of those assets in the manner provided in this chapter and under the supervision of the court.
(b) The petition shall be filed in the county in which the registrant is located. The proper court shall appoint the director as receiver.
(c) Upon the filing of the petition, the court shall issue ex parte such temporary orders as may be necessary to preserve or protect the assets in receivership, or the value thereof, and the rights of producers, until a plan of disposition is approved.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-6-109
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 2-6-109. This identifies an authority to review, not proof of applicability.