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2012 Arkansas Code
Title 16 - Practice, Procedure, And Courts
Subtitle 7 - Particular Proceedings And Remedies
Chapter 117 - Receivership
Subchapter 4 - -- Assignments for Benefit of Creditors
§ 16-117-405 - Employment of counsel by assignee.


AR Code § 16-117-405 (2012) What's This?

In case any portion of the property involved in the assignment becomes involved in litigation, that fact, when made known to the circuit court by the assignee, shall authorize the court to direct the assignee to employ counsel either to prosecute or defend in the litigation. The court shall stipulate in the order the percentage to be allowed the attorney as the fee for his or her services, which is to be paid out of the estate.

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