{"data":{"id":"us-ar/ark.-code-ann.-23-49-111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-49-111","heading":"Payment of claims","body":"(a) All claims against the institution's estate, proved to the receiver's satisfaction or approved by the circuit court, shall be paid in the following order: (1) Administration expenses; (2) Claims given priority under other provisions of state or federal law; (3) Deposit obligations; (4) Other general liabilities; (5) Debt subordinated to the claims of depositors and general creditors; and (6) Equity capital securities. (b) Administrative expenses shall include: (1) Court costs; (2) Compensation of each regular officer or employee of the receiver for the time actually devoted by the officer or employee to the liquidation of the institution at an amount not to exceed the compensation paid to the officer or employee for the performance of his or her regular duties; (3) Actual expenses of each regular officer and employee necessarily incurred in the performance of his or her duties; (4) Compensation and expenses of any special representative, assistant, accountant, agent, or attorney employed by the receiver; and (5) If the Bank Commissioner is acting as receiver, such reasonable general overhead expenses as may be incurred by the commissioner in the liquidation of the affairs of the institution, which shall be ascertained, determined, and fixed by the commissioner. (c) Interest on any claims shall not be paid until all claims within the same class have received the full principal amount of claim. Acts 1997, No. 89, § 1.\n\n(a) All claims against the institution's estate, proved to the receiver's satisfaction or approved by the circuit court, shall be paid in the following order: (1) Administration expenses; (2) Claims given priority under other provisions of state or federal law; (3) Deposit obligations; (4) Other general liabilities; (5) Debt subordinated to the claims of depositors and general creditors; and (6) Equity capital securities.\n\n(1) Administration expenses;\n\n(2) Claims given priority under other provisions of state or federal law;\n\n(3) Deposit obligations;\n\n(4) Other general liabilities;\n\n(5) Debt subordinated to the claims of depositors and general creditors; and\n\n(6) Equity capital securities.\n\n(b) Administrative expenses shall include: (1) Court costs; (2) Compensation of each regular officer or employee of the receiver for the time actually devoted by the officer or employee to the liquidation of the institution at an amount not to exceed the compensation paid to the officer or employee for the performance of his or her regular duties; (3) Actual expenses of each regular officer and employee necessarily incurred in the performance of his or her duties; (4) Compensation and expenses of any special representative, assistant, accountant, agent, or attorney employed by the receiver; and (5) If the Bank Commissioner is acting as receiver, such reasonable general overhead expenses as may be incurred by the commissioner in the liquidation of the affairs of the institution, which shall be ascertained, determined, and fixed by the commissioner.\n\n(1) Court costs;\n\n(2) Compensation of each regular officer or employee of the receiver for the time actually devoted by the officer or employee to the liquidation of the institution at an amount not to exceed the compensation paid to the officer or employee for the performance of his or her regular duties;\n\n(3) Actual expenses of each regular officer and employee necessarily incurred in the performance of his or her duties;\n\n(4) Compensation and expenses of any special representative, assistant, accountant, agent, or attorney employed by the receiver; and\n\n(5) If the Bank Commissioner is acting as receiver, such reasonable general overhead expenses as may be incurred by the commissioner in the liquidation of the affairs of the institution, which shall be ascertained, determined, and fixed by the commissioner.\n\n(c) Interest on any claims shall not be paid until all claims within the same class have received the full principal amount of claim.","path":["AR Code","Title 23","Chapter 49"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"0a6285cf4b45b27cb484db970982c8cf89311bfd86e30c9cf8e3f02b931be2f3","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-49-110","next":"us-ar/ark.-code-ann.-23-49-112","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}