Research About Meet PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choiceshello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

™

Your Policy Risk Impact Agent

Research

At My Address
Federal Courts
Daily Briefings
Medicare & Social Security
Congressional Bills
Federal Register
Tariffs
Fed Decisions & The Economy
State Tracker
World Watch
U.S. Code
U.S. Constitution

Knowledge

Search Polipedia
Daily Briefings
Calculators
What is Policy Risk?
The Countdown

Company

About PRIA
Support

Get PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choices

hello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA is a trademark of PRIA Technologies, LLC.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

Arkansas Statutes, Title 4

™

Your Policy Risk Impact Agent

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

2,278 sections·Filtered byTitle 4✕

Ark. Code Ann. § 4-8-511 Priority among security interests and entitlement holders
1.2K chars
(a) Except as otherwise provided in subsections (b) and (c), if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its oblig…
Ark. Code Ann. § 4-8-603 Savings clause
1.1K chars
(a) This chapter does not affect an action or proceeding commenced before this chapter takes effect. (b) If a security interest in a security is perfected on or before the date this chapter takes effect, and the action by which the security interest was perfected would suffice to…
Ark. Code Ann. § 4-9-101 Short title
0.1K chars
This chapter may be cited as Uniform Commercial Code — Secured Transactions.
Ark. Code Ann. § 4-9-102 Definitions and index of definitions. [Effective September 1, 2026.]
68.8K chars
(a) In this chapter:(1) “Accession” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.(2) “Account”, except as used in “account for”, “accounts statement”, “account to”, “commodity account” in paragraph (1…

Showing 351–400 of 2,278

Page 8 of 46

← Previous Next →

Ark. Code Ann. § 4-9-103 Purchase-money security interest — Application of payments — Burden of establishing

5.9K chars

(a) In this section:(1) “purchase-money collateral” means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and(2) “purchase-money obligation” means an obligation of an obligor incurred as all or part of the price of the collater…

Ark. Code Ann. § 4-9-104 Control of deposit account. [Effective September 1, 2026.]

1.9K chars

(a) A secured party has control of a deposit account if:(1) the secured party is the bank with which the deposit account is maintained;(2) the debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured part…

Ark. Code Ann. § 4-9-105 Control of electronic copy of record evidencing chattel paper. [Effective September 1, 2026.]

6.1K chars

(a) A purchaser has control of an authoritative electronic copy of a record evidencing chattel paper if a system employed for evidencing the assignment of interests in the chattel paper reliably establishes the purchaser as the person to which the authoritative electronic copy wa…

Ark. Code Ann. § 4-9-105A Control of electronic money. [Effective September 1, 2026.]

5.0K chars

(a) A person has control of electronic money if:(1) the electronic money, a record attached to or logically associated with the electronic money, or a system in which the electronic money is recorded gives the person:(A) power to avail itself of substantially all the benefit from…

Ark. Code Ann. § 4-9-106 Control of investment property

1.1K chars

(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in § 4-8-106. (b) A secured party has control of a commodity contract if:(1) the secured party is the commodity intermediary with which the commodity contract is carr…

Ark. Code Ann. § 4-9-107 Control of letter-of-credit right — Control of virtual currency

0.4K chars

(a) A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under § 4-5-114(c) or otherw…

Ark. Code Ann. § 4-9-107A Control of controllable electronic record, controllable account, or controllable payment intangible. [Effective September 1, 2026.]

0.3K chars

(a) A secured party has control of a controllable electronic record as provided in § 4-12-105. (b) A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the co…

Ark. Code Ann. § 4-9-107B No requirement to acknowledge or confirm – No duties. [Effective September 1, 2026.]

0.5K chars

(a) A person that has control under § 4-9-104, § 4-9-105, or § 4-9-105A is not required to acknowledge that it has control on behalf of another person. (b) If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees …

Ark. Code Ann. § 4-9-108 Sufficiency of description

2.1K chars

(a) Except as otherwise provided in subsections (c), (d), and (e), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (b) Except as otherwise provided in subsection (d), a description of collater…

Ark. Code Ann. § 4-9-109 Scope

7.1K chars

(a) Except as otherwise provided in subsections (c) and (d) of this section, this chapter applies to:(1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;(2) an agricultural lien;(3) a sale of accounts, chattel p…

Ark. Code Ann. § 4-9-110 Security interests arising under Chapter 2 or Chapter 2A

0.9K chars

(1) A security interest arising under § 4-2-401, § 4-2-505, § 4-2-711(3), or § 4-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:(1) the security interest is enforceable, even if § 4-9-203(b)(3) has not been satisfied;(2) filing is …

Ark. Code Ann. § 4-9-201 General effectiveness of security agreement

1.4K chars

(a) Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) A transaction subject to this chapter is subject to any applicable rule …

Ark. Code Ann. § 4-9-202 Title to collateral immaterial

0.3K chars

Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this chapter with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.

Ark. Code Ann. § 4-9-203 Attachment and enforceability of security interest — Proceeds — Supporting obligations — Formal requisites. [Effective September 1, 2026.]

6.5K chars

(a) A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment. (b) Except as otherwise provided in subsections (c) through (i), a security interest is en…

Ark. Code Ann. § 4-9-204 After-acquired property — Future advances. [Effective September 1, 2026.]

1.6K chars

(a) Except as otherwise provided in subsection (b), a security agreement may create or provide for a security interest in after-acquired collateral. (b) Subject to subsection (b.1), a security interest does not attach under a term constituting an after-acquired property clause to…

Ark. Code Ann. § 4-9-205 Use or disposition of collateral permissible

1.4K chars

(a) A security interest is not invalid or fraudulent against creditors solely because:(1) the debtor has the right or ability to:(A) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;(B) collect, compromise, enforce, or otherwise…

Ark. Code Ann. § 4-9-206 Security interest arising in purchase or delivery of financial asset

2.2K chars

(a) A security interest in favor of a securities intermediary attaches to a person's security entitlement if:(1) the person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities int…

Ark. Code Ann. § 4-9-207 Rights and duties of secured party having possession or control of collateral. [Effective September 1, 2026.]

4.1K chars

(a) Except as otherwise provided in subsection (d), a secured party shall use reasonable care in the custody and preservation of collateral in the secured party's possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserv…

Ark. Code Ann. § 4-9-208 Additional duties of secured party having control of collateral. [Effective September 1, 2026.]

4.9K chars

(a) This section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Within ten (10) days after receiving a signed demand by the debtor:(1) a secured party ha…

Ark. Code Ann. § 4-9-209 Duties of secured party if account debtor has been notified of assignment. [Effective September 1, 2026.]

0.8K chars

(a) Except as otherwise provided in subsection (c), this section applies if:(1) there is no outstanding secured obligation; and(2) the secured party is not committed to make advances, incur obligations, or otherwise give value. (1) there is no outstanding secured obligation; and …

Ark. Code Ann. § 4-9-210 Request for accounting — Request regarding list of collateral or statement of account. [Effective September 1, 2026.]

4.8K chars

(a) In this section:(1) “Request” means a record of a type described in paragraph (2), (3), or (4).(2) “Request for an accounting” means a record signed by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably …

Ark. Code Ann. § 4-9-301 Law governing perfection and priority of security interests. [Effective September 1, 2026.]

2.8K chars

(1) Except as otherwise provided in §§ 4-9-303 — 4-9-306B, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:(1) Except as otherwise provided in this section, while a debtor…

Ark. Code Ann. § 4-9-302 Law governing perfection and priority of agricultural liens

0.2K chars

While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.

Ark. Code Ann. § 4-9-303 Law governing perfection and priority of security interests in goods covered by a certificate of title

1.0K chars

(a) This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor. (b) Goods become covered by a certificate of title when a valid…

Ark. Code Ann. § 4-9-304 Law governing perfection and priority of security interests in deposit accounts. [Effective September 1, 2026.]

2.7K chars

(a) The local law of a bank's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank even if the transaction does not bear any relation to the bank's jurisdiction. (b) The …

Ark. Code Ann. § 4-9-305 Law governing perfection and priority of security interests in investment property. [Effective September 1, 2026.]

5.7K chars

(a) Except as otherwise provided in subsection (c), the following rules apply:(1) While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest i…

Ark. Code Ann. § 4-9-306 Law governing perfection and priority of security interests in letter-of-credit rights

0.7K chars

(a) Subject to subsection (c), the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nomina…

Ark. Code Ann. § 4-9-306A Law governing perfection and priority of security interests in chattel paper. [Effective September 1, 2026.]

4.6K chars

(a) Except as provided in subsection (d), if chattel paper is evidenced only by an authoritative electronic copy of the chattel paper or is evidenced by an authoritative electronic copy and an authoritative tangible copy, the local law of the chattel paper’s jurisdiction governs …

Ark. Code Ann. § 4-9-306B Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles. [Effective September 1, 2026.]

1.1K chars

(a) Except as provided in subsection (b), the local law of the controllable electronic record’s jurisdiction specified in § 4-12-107(c) and (d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic reco…

Ark. Code Ann. § 4-9-307 Location of debtor

4.0K chars

(a) In this section, “place of business” means a place where a debtor conducts its affairs. (b) Except as otherwise provided in this section, the following rules determine a debtor's location:(1) A debtor who is an individual is located at the individual's principal residence.(2)…

Ark. Code Ann. § 4-9-308 When security interest or agricultural lien is perfected — Continuity of perfection

1.6K chars

(a) Except as otherwise provided in this section and § 4-9-309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in §§ 4-9-310 — 4-9-316 have been satisfied. A security interest is perfected when it attaches if the applicab…

Ark. Code Ann. § 4-9-309 Security interest perfected upon attachment

3.0K chars

(1) The following security interests are perfected when they attach:(1) a purchase-money security interest in consumer goods, except as otherwise provided in § 4-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 4-9-311(a);(2) an assig…

Ark. Code Ann. § 4-9-310 When filing required to perfect security interest or agricultural lien — Security interests and agricultural liens to which filing provisions do not apply. [Effective September 1, 2026.]

2.6K chars

(a) Except as otherwise provided in subsection (b) and § 4-9-312(b), a financing statement must be filed to perfect all security interests and agricultural liens. (b) The filing of a financing statement is not necessary to perfect a security interest:(1) that is perfected under §…

Ark. Code Ann. § 4-9-311 Perfection of security interests in property subject to certain statutes, regulations, and treaties

3.0K chars

(a) Except as otherwise provided in subsection (d) of this section, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:(1) a statute, regulation, or treaty of the United States whose requirements for a security …

Ark. Code Ann. § 4-9-312 Perfection of security interests in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, negotiable documents, goods covered by documents, instruments, investment property, virtual currencies, letter-of-credit rights, and money — Perfection by permissive filing — Temporary perfection without filing or transfer of possession. [Effective September 1, 2026.]

4.0K chars

(a) A security interest in chattel paper, controllable accounts, controllable electronic records, controllable payment intangibles, instruments, investment property, and virtual currencies, or negotiable documents may be perfected by filing. (b) Except as otherwise provided in § …

Ark. Code Ann. § 4-9-313 When possession by or delivery to secured party perfects security interest without filing. [Effective September 1, 2026.]

3.9K chars

(a) Except as otherwise provided in subsection (b), a secured party may perfect a security interest in goods, instruments, negotiable tangible documents, or tangible money by taking possession of the collateral. A secured party may perfect a security interest in certificated secu…

Ark. Code Ann. § 4-9-314 Perfection by control. [Effective September 1, 2026.]

2.2K chars

(a) A security interest in virtual currencies, controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, electronic money, investment property, or letter-of-credit rights may be perfected by control of the co…

Ark. Code Ann. § 4-9-314A Perfection by possession and control of chattel paper. [Effective September 1, 2026.]

0.7K chars

(a) A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel pap…

Ark. Code Ann. § 4-9-315 Secured party's rights on disposition of collateral and in proceeds

3.7K chars

(a) Except as otherwise provided in this chapter and in § 4-2-403(2):(1) a security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the s…

Ark. Code Ann. § 4-9-316 Effect of change in governing law. [Effective September 1, 2026.]

9.3K chars

(a) A security interest perfected pursuant to the law of the jurisdiction designated in § 4-9-301(1), § 4-9-305(c), § 4-9-306A(d), or § 4-9-306B(b) remains perfected until the earliest of:(1) the time perfection would have ceased under the law of that jurisdiction;(2) the expirat…

Ark. Code Ann. § 4-9-317 Interests that take priority over or take free of security interest or agricultural lien. [Effective September 1, 2026.]

4.1K chars

(a) A security interest or agricultural lien is subordinate to the rights of:(1) a person entitled to priority under § 4-9-322; and(2) except as otherwise provided in subsection (e), a person that becomes a lien creditor before the earlier of the time:(A) the security interest or…

Ark. Code Ann. § 4-9-318 No interest retained in right to payment that is sold — Rights and title of seller of account or chattel paper with respect to creditors and purchasers

0.5K chars

(a) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. (b) For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper f…

Ark. Code Ann. § 4-9-319 Rights and title of consignee with respect to creditors and purchasers

0.7K chars

(a) Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods i…

Ark. Code Ann. § 4-9-320 Buyer of goods

1.5K chars

(a) Except as otherwise provided in subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perf…

Ark. Code Ann. § 4-9-321 Licensee of general intangible and lessee of goods in ordinary course of business

1.1K chars

(a) In this section, “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a perso…

Ark. Code Ann. § 4-9-322 Priorities among conflicting security interests in and agricultural liens on same collateral

5.4K chars

(a) Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:(1) Conflicting perfected security interests and agricultural liens rank according to prior…