§ 20-10-913 - Automatic stay. - Arkansas Statutes

20-10-913. Automatic stay.

(a) No person or court of this state shall impede the operation of a receivership created under this subchapter.

(b) For a sixty-day period subsequent to the appointment of a receiver, there shall be an automatic stay of any action that would interfere with the functioning of the facility, including, but not limited to, cancellation of insurance policies executed by the licensee, termination of utility services, executions, attachments or setoffs, and repossession of equipment used in the facility.