Ark. Code Ann. § 4-9-110

Security interests arising under Chapter 2 or Chapter 2A

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Applied in 1 court decision — leading case River Valley Bank of Russellville v. Ace Sports Management, LLC (In Re Ace Sports Management, LLC) (2001)

Most recently applied in River Valley Bank of Russellville v. Ace Sports Management, LLC (In Re Ace Sports Management, LLC) (November 2001)

Acts 2001, No. 1439, § 1.

A security interest arising under § 4-2-401, § 4-2-505, § 4-2-711(3), or § 4-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if § 4-9-203(b)(3) has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governed by Chapter 2 or Chapter 2A; and

(4) the security interest has priority over a conflicting security interest created by the debtor.

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.