Title 4 — Business and Commercial Law
88 chapters · 1,044 sections in this title.
Ark. Code Ann. § 4-11-101 Short title. [Repealed effective September 1, 2026.]
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This chapter may be cited as Uniform Commercial Code—Virtual Currency of Arkansas.
Ark. Code Ann. § 4-11-102 Definitions. [Repealed effective September 1, 2026.]
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(1) In this chapter, “virtual currency”:(1) means a digital representation of value that:(A) is used as a medium of exchange, unit of account, or store of value; and(B) is not legal tender, whether or not denominated in legal tender; and(2) does not include:(A) a transaction in w…
Ark. Code Ann. § 4-11-103 Scope. [Repealed effective September 1, 2026.]
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This chapter applies to virtual currency.
Ark. Code Ann. § 4-11-104 Rights in virtual currency. [Repealed effective September 1, 2026.]
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(a) In this section:(1) “Adverse claim” means a claim that a claimant has a property interest in a virtual currency and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the virtual currency.(2) “Qualifying purchaser” means a …
Ark. Code Ann. § 4-11-105 Control of virtual currency. [Repealed effective September 1, 2026.]
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(a) A person has “control” of a virtual currency if the following conditions are met:(1) the virtual currency or the system in which it is recorded, if any, gives the person:(A) the power to derive substantially all the benefit from the virtual currency;(B) subject to subsection …
Ark. Code Ann. § 4-11-106 Savings clause. [Repealed effective September 1, 2026.]
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This chapter does not affect an action, case, or proceeding commenced before this chapter takes effect.