23-49-110. Claims filed after 180-day claim period.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-49-110. Claims filed after 180-day claim period. Any claims filed after the one-hundred-eighty-day claim period prescribed by § 23-49-109 and subsequently accepted by the receiver or allowed by the circuit court shall be entitled to share in the distribution of assets only to the extent of the undistributed assets in the hands of the receiver on the date the claims are accepted or allowed.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-49-110

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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Arkansas Code — all titles (historical 2020) · legal_authorities

23-49-109. Presentation of claims — Notice of claims procedure — Rejection of claims — Statute of limitations.

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 present their claims supported by proof to the receiver within one hundred eighty (180) days after the Bank Commissioner has taken possession. (b) The receiver shall cause notice of the claims procedures prescribed by this section to be: (1) Published once a month for three (3) consecutive months in a newspaper published in the City of Little Rock and having a general and substantially statewide circulation; and (2) Mailed to each person whose name appears as a creditor upon books of the institution at the person's last address of record. (c)(1) Within one hundred eighty (180) days following receipt of the claim, the receiver shall notify in writing any claimant whose claim has been rejected. Notice is effective when mailed. (2) Any claimant whose claim has been rejected by the receiver may petition the circuit court for a hearing on the claim within sixty (60) days from the date the claim was rejected. (d) The period described in subsection (a) of this section may be extended by written agreement between the claimant and the receiver. (e)(1) The claim of any party against the closed institution shall be disallowed, other than any portion of the claim which was allowed by the receiver, as of the end of the sixty-day period described in subsection (c) of this section, if the party having the claim fails to: (A) Request an administrative review of any claim by the receiver in accordance with proper procedure; or (B) File suit on the claim, or continue an action commenced before the appointment of the receiver, before the end of the sixty-day period. (2) The disallowance shall

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-49-109

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 23-49-109. This identifies an authority to review, not proof of applicability.