Ark. Code Ann. § 16-117-403
Contest of assignment due to fraud
Year: 2026Length: 126 words
Any assignment for the benefit of creditors may be contested or attacked for fraud by any creditors. Proof of fraud on the part of the assignor shall be sufficient to invalidate the assignment, whether the assignee knew of it or not. Acts 1887, No. 101, § 1, p. 194; C. & M. Dig., § 488; Pope's Dig., § 525; A.S.A. 1947, § 36-303.
Any assignment for the benefit of creditors may be contested or attacked for fraud by any creditors. Proof of fraud on the part of the assignor shall be sufficient to invalidate the assignment, whether the assignee knew of it or not.
Acts 1887, No. 101, § 1, p. 194; C. & M. Dig., § 488; Pope's Dig., § 525; A.S.A. 1947, § 36-303.