Timeliness of notification before disposition of collateral
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 2001, No. 1439, § 1.
(1) Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact.
(2) In a transaction other than a consumer transaction, a notification of disposition sent after default and ten (10) days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
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.