Court Opinion

ID: 9672122
Source: CourtListenerOpinion
Date Created: 2023-08-24 03:49:19.301354+00
Date Added: 2024-06-11T18:16:14.398585
License: Public Domain

John E. Jennings, Judge, concurring in part, dissenting in part. In my view Ark. Code Ann. § 9-12-315(a)(4) does not preclude the chancellor from ordering a sale of stock. While it is true that the statute does not specifically authorize a sale, it is just as true that § 9-12-315 does not specifically authorize the sale of any personal property. We know, of course, that chancellors order the personal property of the parties sold quite frequently — chancery certainly has the inherent authority to do so, apart from statute. Here the court did, in language of § 9-12-315(a)(4) “designate in its final order” “the specific property and securities to which each party is entitled. . . .’’It then ordered that property sold, unless the parties could arrive at an agreement on the stock. I do not understand why the court lacked the power to fashion this seemingly appropriate remedy. I would affirm.