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4-19-104. Filing requirements.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-19-104. Filing requirements.
Notwithstanding §§ 4-9-302(3), 4-9-302(4), 4-9-401(1), and 4-9-402 — 4-9-406:
(1) If filing is required under the Uniform Commercial Code, subtitle 1 of this title, the proper place to file statements pertaining to a security interest in personal property or fixtures of a transmitting utility is in the office of the Secretary of State;
(2) When the financing statement covers goods of a transmitting utility which are or are to become fixtures, no description of the real estate concerned is required;
(3) A security interest in rolling stock of a transmitting utility may be perfected either as provided in § 20(c) of the Interstate Commerce Act or by filing a financing statement pursuant to the Uniform Commercial Code as provided in subdivision (1) of this section; and
(4) A financing statement filed pursuant to subdivision (1) of this section shall remain effective until terminated without the need for filing a continuation statement under § 4-9-403.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-19-104
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:4-19-104
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0a37439781c07fb057d30aee35d1731b85e212551b8d468b6eb385a5783eb1af
Source location: content.xml paragraph 12681
Stored source content
4-19-104. Filing requirements.
Notwithstanding §§ 4-9-302(3), 4-9-302(4), 4-9-401(1), and 4-9-402 — 4-9-406:
(1) If filing is required under the Uniform Commercial Code, subtitle 1 of this title, the proper place to file statements pertaining to a security interest in personal property or fixtures of a transmitting utility is in the office of the Secretary of State;
(2) When the financing statement covers goods of a transmitting utility which are or are to become fixtures, no description of the real estate concerned is required;
(3) A security interest in rolling stock of a transmitting utility may be perfected either as provided in § 20(c) of the Interstate Commerce Act or by filing a financing statement pursuant to the Uniform Commercial Code as provided in subdivision (1) of this section; and
(4) A financing statement filed pursuant to subdivision (1) of this section shall remain effective until terminated without the need for filing a continuation statement under § 4-9-403.
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-9-302. Law governing perfection and priority of agricultural liens.
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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-302
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-9-302. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-9-401. Alienability of debtor's rights.
(a) Except as otherwise provided in subsection (b) and §§ 4-9-406 — 4-9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
(b) An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-401
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-9-401. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-9-402. Secured party not obligated on contract of debtor or in tort.
The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-402
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-9-402. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-9-406. Discharge of account debtor — Notification of assignment — Identification and proof of assignment — Restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective.
(a) Subject to subsections (b)-(i), an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying the assignor until, but not after, the account debtor receives a notification, authenticated by the assignor or the assignee, that the amount due or to become due has been assigned and that payment is to be made to the assignee. After receipt of the notification, the account debtor may discharge its obligation by paying the assignee and may not discharge the obligation by paying the assignor.
(b) Subject to subsection (h), notification is ineffective under subsection (a):
(1) if it does not reasonably identify the rights assigned;
(2) to the extent that an agreement between an account debtor and a seller of a payment intangible limits the account debtor's duty to pay a person other than the seller and the limitation is effective under law other than this chapter; or
(3) at the option of an account debtor, if the notification notifies the account debtor to make less than the full amount of any installment or other periodic payment to the assignee, even if:
(A) only a portion of the account, chattel paper, or payment intangible has been assigned to that assignee;
(B) a portion has been assigned to another assignee; or
(C) the account debtor knows that the assignment to that assignee is limited.
(c) Subject to subsection (h), if requested by the account debtor, an assignee shall seasonably furnish reasonable proof that the assignment has been made. Unless the assignee complies, the account debtor
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-406
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-9-406. This identifies an authority to review, not proof of applicability.