Title 4 — Business and Commercial Law
88 chapters · 1,044 sections in this title.
Ark. Code Ann. § 4-12-101 Title. [Effective September 1, 2026.]
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This chapter may be cited as Uniform Commercial Code—Controllable Electronic Records.
Ark. Code Ann. § 4-12-102 Definitions. [Effective September 1, 2026.]
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(a) In this chapter:(1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under § 4-12-105. The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of …
Ark. Code Ann. § 4-12-103 Relation to Chapter 9 and consumer laws. [Effective September 1, 2026.]
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(a) If there is conflict between this chapter and Chapter 9, Chapter 9 governs. (b) A transaction subject to this chapter is subject to any applicable rule of law that establishes a different rule for consumers and to (i) any other statute or regulation that regulates the rates, …
Ark. Code Ann. § 4-12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible. [Effective September 1, 2026.]
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(a) This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (c), (d), (e), (g), and (h) of a purchaser and qualifying purchaser, in the same manner this sectio…
Ark. Code Ann. § 4-12-105 Control of controllable electronic record. [Effective September 1, 2026.]
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(a) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded:(1) gives the person:(A) power to avail itself of substantially a…
Ark. Code Ann. § 4-12-106 Discharge of account debtor on controllable account or controllable payment intangible. [Effective September 1, 2026.]
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(a) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying:(1) the person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or(2) except a…
Ark. Code Ann. § 4-12-107 Governing Law. [Effective September 1, 2026.]
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(a) Except as provided in subsection (b), the local law of a controllable electronic record’s jurisdiction governs a matter covered by this chapter. (b) For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of…