§ 23-49-117 - Contents of articles of dissolution. - Arkansas Statutes

23-49-117. Contents of articles of dissolution.

When the proceedings described in this chapter have been completed, the receiver shall execute and file, in the manner provided in this section, articles of dissolution, setting forth the following information:

(1) The name of the institution;

(2) The place where its main office was located;

(3) The names and addresses of the directors and officers of the institution at the time the liquidation proceedings were begun;

(4) A brief summary of the aggregate amount of general claims finally allowed against the institution, the order in which the claims were paid, and the aggregate amount of all other claims against the institution. A statement of the aggregate payments made on each of the groups of claims must be provided, referencing the orders of the receiver or the chancery court authorizing those payments and the current reports documenting such payments; and

(5) A brief summary of the aggregate amount of payments made to the shareholders of the institution, whether of money or other property, and a reference to the orders of the receiver or the chancery court authorizing the payments and to the current reports wherein documentation of the payments is made.