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Arkansas Statutes, Title 4

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Arkansas/Statutes

← All Arkansas coverage

Title 4, Business and Commercial Law

88 chapters · 2,278 sections in this title.

All chapters in Title 42,278 Ch 27, Business Corporation Act of 1987186 Ch 33, The Arkansas Nonprofit Corporation A…160 Ch 9, Secured Transactions153 Ch 38, Uniform Limited Liability Company Act125 Ch 75, Unfair Practices121 Ch 47, Uniform Limited Partnership Act108 Ch 26, Business Corporations Generally106 Ch 2, Sales103 Ch 88, Deceptive Trade Practices97 Ch 28, Nonprofit Organizations92 Ch 46, Uniform Partnership Act70 Ch 3, Negotiable Instruments68 Ch 90, Automobiles55 Ch 8, Investment Securities52

10 sections·Filtered byTitle 4✕Ch 58✕

Ark. Code Ann. § 4-58-101 Remedies unaltered by chapter
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Nothing contained in this chapter shall change the nature of the defense or prevent the allowance of discounts or offsets, either in law or equity, that any defendant may have against the original assignor previous to the assignment or against the plaintiff or assignee after the …
Ark. Code Ann. § 4-58-102 Assignment of certain instruments authorized
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All bonds, bills, notes, agreements, and contracts in writing for the payment of money or property, or for both money and property, shall be assignable.
Ark. Code Ann. § 4-58-103 Consideration
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It shall not be necessary for any assignee to set forth the consideration of any of the assignments on any such assigned paper.
Ark. Code Ann. § 4-58-104 Date of assignment
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(a) All assignments of any instruments of writing shall bear the date upon which the assignment was made. (b) All blank assignments shall be taken to have been made on the day most to the advantage of the defendant.

Ark. Code Ann. § 4-58-105 Completion of assignments — Rights and remedies of debtor and subsequent assignees

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(a) Every written assignment made in good faith, whether in the nature of a sale, pledge, or other transfer, or on account receivable or any moneys due or to become due on an open account or on a contract, except for wages and salaries, all of which shall be hereinafter referred …

Ark. Code Ann. § 4-58-106 Powers of assignor after assignment

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No assignor shall be able to release any part of the consideration of the instrument by him or her assigned after the assignment thereof.

Ark. Code Ann. § 4-58-107 Vendor's lien inures to benefit of assignee

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The lien or equity held or possessed by the vendor of any real estate for the sale of the real estate shall inure to the benefit of any assignee of the notes or obligations given for the purchase money of the real estate, and the lien or equity shall be assignable and payable by …

Ark. Code Ann. § 4-58-108 Liability of assignors upon nonpayment or protest of instrument

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All endorsers or assignors of any instrument in writing assignable by law for the payment of money alone, on receiving due notice of the nonpayment or protest of any endorsed or assigned instrument in writing, shall be equally liable with the maker, obligor, or payee of the instr…

Ark. Code Ann. § 4-58-109 Proof of assignment — Pleadings

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The assignee of any instrument in writing made assignable by law, on bringing suit on any assigned paper, shall not be required to prove the assignment unless the defendant annexes to his or her answer an affidavit denying the assignment and stating in the affidavit that he or sh…

Ark. Code Ann. § 4-58-110 Recovery by plaintiff

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The plaintiff in the several actions shall collect only the amount of his or her demand, with interest due thereon, and the costs on only one (1) of the actions.