Dissolution and Liquidation

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Financial Institutions And Securities
  5. Dissolution and Liquidation

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Section
23-49-101

Definitions

Section
23-49-102

Department taking possession — Procedure

Section
23-49-103

Injunction against commissioner

Section
23-49-104

When possession terminates

Section
23-49-105

Notice of possession

Section
23-49-106

Appointment of receiver — Restrictions on proceedings, liens, or credits

Section
23-49-107

Powers of receiver

Section
23-49-108

Sale of assets — Assumption of deposit liabilities by new institution

Section
23-49-109

Presentation of claims — Notice of claims procedure — Rejection of claims — Statute of limitations

Section
23-49-110

Claims filed after 180-day claim period

Section
23-49-111

Payment of claims

Section
23-49-112

Rejection of contracts and leases

Section
23-49-113

Subrogation of federal deposit insurance agency to rights of depositors

Section
23-49-114

Appointment of successor to fiduciary and representative proceedings

Section
23-49-115

Notice concerning safekeeping and safe-deposit boxes

Section
23-49-116

Actions for enforcement of rights, demands, or claims vested in an institution or its shareholders or creditors

Section
23-49-117

Contents of articles of dissolution

Section
23-49-118

Execution and filing of articles with department — Certificate of dissolution

Section
23-49-119

Voluntary liquidation

Section
23-49-120

Voluntarily placing an institution in possession of commissioner