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2-6-118. Receivership — Sale of processed catfish — Merchandiser.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-6-118. Receivership — Sale of processed catfish — Merchandiser.
(a) When the court approves the sale of processed catfish the Director of the State Plant Board shall employ a merchandiser to effect the sale of those commodities.
(b) A person employed as a merchandiser must meet the following requirements:
(1) The person shall be experienced or knowledgeable in the operation of processors registered under this chapter, and if the person has ever held a registration certificate issued under this chapter, the person shall never have had the registration suspended;
(2) The person shall be experienced or knowledgeable in the marketing of aquacultural products;
(3) The person shall not be the holder of a weigh ticket issued by the Class A registrant and shall not have a claim against the Class A registrant, whether as a secured or unsecured creditor, and otherwise shall not have any pecuniary interest in the Class A registrant or the Class A registrant's business.
(c) The merchandiser shall be entitled to reasonable compensation as determined by the director.
(d) A sale of processed catfish shall be made in a commercially reasonable manner and under the supervision of the director.
(e) The director shall have authority to sell the processed catfish, and provisions of the Uniform Commercial Code, § 4-1-101 et seq., to the contrary notwithstanding, any processed catfish so sold shall be free of all liens and other encumbrances.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-6-118
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:2-6-118
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4cc9fe5acd36e8df55b408f3d9aa94efabd7ab61cf3efcb0646a759a33b692ea
Source location: content.xml paragraph 1513
Stored source content
2-6-118. Receivership — Sale of processed catfish — Merchandiser.
(a) When the court approves the sale of processed catfish the Director of the State Plant Board shall employ a merchandiser to effect the sale of those commodities.
(b) A person employed as a merchandiser must meet the following requirements:
(1) The person shall be experienced or knowledgeable in the operation of processors registered under this chapter, and if the person has ever held a registration certificate issued under this chapter, the person shall never have had the registration suspended;
(2) The person shall be experienced or knowledgeable in the marketing of aquacultural products;
(3) The person shall not be the holder of a weigh ticket issued by the Class A registrant and shall not have a claim against the Class A registrant, whether as a secured or unsecured creditor, and otherwise shall not have any pecuniary interest in the Class A registrant or the Class A registrant's business.
(c) The merchandiser shall be entitled to reasonable compensation as determined by the director.
(d) A sale of processed catfish shall be made in a commercially reasonable manner and under the supervision of the director.
(e) The director shall have authority to sell the processed catfish, and provisions of the Uniform Commercial Code, § 4-1-101 et seq., to the contrary notwithstanding, any processed catfish so sold shall be free of all liens and other encumbrances.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-1-101. Short titles.
(a) This subtitle may be cited as the Uniform Commercial Code.
(b) This chapter may be cited as Uniform Commercial Code — General Provisions.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-1-101
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 4-1-101. This identifies an authority to review, not proof of applicability.