(1) This subchapter does not affect the time at which legal title to grain, soybeans, or peanuts may pass by agreement or operation of law subject to an owner's lien.
(2) This subchapter does not apply to: A farm-owned cooperative; or
(3) An entity licensed under the: United States Warehouse Act, 7 U.S.C. § 241 et seq.; or
(4) Arkansas Public Grain Warehouse Law, § 2-17-201 et seq.