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95 chapters · 3,921 sections in this title.
Ark. Code Ann. § 23-49-112 Rejection of contracts and leases
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(a) Within one hundred eighty (180) days after the date that the Bank Commissioner has taken possession, the receiver may, at his or her election, reject:(1) Any executory contracts to which the closed institution is a party without any further liability to the closed institution…
Ark. Code Ann. § 23-49-113 Subrogation of federal deposit insurance agency to rights of depositors
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Whenever a federal deposit insurance agency pays or makes available for payment the insured deposit liabilities of a closed institution, the federal deposit insurance agency, whether or not it acts as receiver, shall be subrogated by operation of law to all rights of depositors a…
Ark. Code Ann. § 23-49-114 Appointment of successor to fiduciary and representative proceedings
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(a) (1) The receiver, with the approval of the circuit court, may appoint one (1) or more successors to any or all of the rights, obligations, assets, deposits, agreements, and trusts held by the closed institution as trustee, administrator, executor, guardian, agent, and all oth…
Ark. Code Ann. § 23-49-115 Notice concerning safekeeping and safe-deposit boxes
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(a) (1) The receiver shall cause notice to be mailed to the last address of record to the owners of any personal property in the possession of or held by a closed institution for safekeeping, and to all lessees of safe-deposit boxes.(2) The notice shall require the intended recip…