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2017 Arkansas Code
Title 16 - Practice, Procedure, and Courts
Subtitle 7 - Particular Proceedings and Remedies
Chapter 117 - Receivership
Subchapter 4 - Assignments for Benefit of Creditors
§ 16-117-407. Liability of assignee on bond
Universal Citation: AR Code § 16-117-407 (2017)
The assignee shall be liable upon his or her bond to anyone interested in the property included in the assignment for any loss that may occur by reason of his or her negligence or mismanagement of the property after the property comes into his or her possession. He or she shall also be liable for any failure upon his or her part to obey the orders of the circuit court in relation thereto or to carry out the provisions of the assignment.
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