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UNION PLANTERS BANK v. EAST CENTRAL ARK.

No. 99-573.

13 S.W.3d 578 (2000)

340 Ark. 706

UNION PLANTERS NATIONAL BANK v. EAST CENTRAL ARKANSAS ECONOMIC DEVELOPMENT CORPORATION.

Supreme Court of Arkansas.

March 30, 2000.

Attorney(s) appearing for the Case

W. Frank Morledge, P.A., by: W. Frank Morledge, Forrest City, for appellant.

Christopher W. Morledge, P.A., by: Christopher W. Morledge, Forrest City, for appellee and court-appointed receiver.

RAY THORNTON, Justice.

Appellant, Union Planters National Bank, brings this appeal seeking review of the chancery court's determination to appoint a receiver at the request of appellee to oversee the dissolution and liquidation of its not-for-profit corporation on the grounds of insolvency, urging that the chancellor was without subject-matter jurisdiction over the proceeding in the absence of a base or ancillary proceeding, and that the appointment of a receiver...

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