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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-93-113. Bankruptcy or receivership--Statutory lien

Current as of March 28, 2024 | Updated by Findlaw Staff

In the event of the bankruptcy or receivership of the provider resulting from the financial difficulties of the provider, the residents of the facility shall have a statutory lien on the real and personal property of the facility. This lien shall be subordinate to liens of record prior to the date of a filing of a petition in bankruptcy or petition for receivership but shall be superior to all other creditors.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-93-113. Bankruptcy or receivership--Statutory lien - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-93-113/

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