Statutes > Arkansas Statutes > Title 16 - Practice, Procedure, And Courts > Subtitle 7 - Particular Proceedings And Remedies > Chapter 117 - Receivership > Subchapter 3 - Petition by Insolvent Debtor > § 16-117-305 - Receiver to convert property into money.

§ 16-117-305 - Receiver to convert property into money.

16-117-305. Receiver to convert property into money.

As soon as the receiver shall have taken the property into his or her custody, he or she shall proceed under the direction of the court, or of the judge, in vacation, to convert the property into money.