§ 2-17-403 - Plan for disposition of grain. - Arkansas Statutes

2-17-403. Plan for disposition of grain.

(a) A petition filed by the Public Grain Warehouse Commissioner under 2-17-402 shall be accompanied by the commissioner's plan for disposition of stored grain.

(b) (1) The plan may provide for the pro rata delivery of part or all of the stored grain to depositors holding warehouse receipts or unpriced scale tickets;

(2) The plan may provide for the sale under the supervision of the commissioner of part or all of the stored grain for the benefit of those depositors; or

(3) The plan may provide for any combination thereof, as the commissioner in his or her discretion determines to be necessary to minimize losses.