The lease executed by the receiver under the approval of the court as provided in § 15-56-306 shall not terminate with the sale of the lands or mineral interests therein, thereon, or thereunder. Any person purchasing or holding thereafter shall take the land or mineral rights subject to the lease executed by the receiver pursuant to § 15-56-306.
Ark. Code Ann. § 15-56-307
Sale of land or mineral rights — Lease unaffected
Acts 1937, No. 220, § 9; Pope's Dig., § 11203; Acts 1963, No. 85, § 9; A.S.A. 1947, § 52-209.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.