Agreement on standards concerning rights and duties
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 2001, No. 1439, § 1.
(1) The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in § 4-9-602 if the standards are not manifestly unreasonable.
(2) Subsection (a) does not apply to the duty under § 4-9-609 to refrain from breaching the peace.
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.