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4-9-201. General effectiveness of security agreement.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-9-201. General effectiveness of security agreement.
(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 of law which establishes a different rule for consumers; to any other statute or rule of this state that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; to rights for workers' compensation as provided in § 11-9-110(a); and to any consumer-protection statute or rule of this state.
(c) In case of conflict between this chapter and a rule of law, statute, or rule described in subsection (b), the rule of law, statute, or rule controls. Failure to comply with a statute or rule described in subsection (b) has only the effect the statute or rule specifies.
(d) This chapter does not:
(1) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or rule described in subsection (b); or
(2) extend the application of the rule of law, statute, or rule to a transaction not otherwise subject to it.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-9-201
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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Record provenance
Stable record: arkansas_code:legal_authorities:4-9-201
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: df07decbe56087b213bdaf5705a511f191241915acbd04e95cb8fd8270d85183
Source location: content.xml paragraph 8834
Stored source content
4-9-201. General effectiveness of security agreement.
(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 of law which establishes a different rule for consumers; to any other statute or rule of this state that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; to rights for workers' compensation as provided in § 11-9-110(a); and to any consumer-protection statute or rule of this state.
(c) In case of conflict between this chapter and a rule of law, statute, or rule described in subsection (b), the rule of law, statute, or rule controls. Failure to comply with a statute or rule described in subsection (b) has only the effect the statute or rule specifies.
(d) This chapter does not:
(1) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or rule described in subsection (b); or
(2) extend the application of the rule of law, statute, or rule to a transaction not otherwise subject to it.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
11-9-110. Compensation nonassignable, etc., and payable to dependents only — Child support obligations excepted — Definition.
(a) The right to compensation shall not be assignable and shall not be subject to garnishment, attachment, levy, execution, or any other legal process, except for child support obligations and moneys retained by the Division of Correction under § 12-30-406(a)(1).
(b) Money compensation to dependents of a deceased employee shall not constitute assets of the estate of the deceased employee and shall be payable to and for the benefit of the dependents alone.
(c)(1) On or after June 30, 1993, the Workers' Compensation Commission shall forward monthly a computer tape listing the name, address, and Social Security number, if available, on all persons for whom the commission has established a file during the preceding month to the Office of Child Support Enforcement. The computer tape shall also include the name of the workers' compensation carrier and the name of the employer.
(2) The same information shall be provided to individuals who apply for the information with the commission on an individual employee to an individual certifying that they have an interest in the child support obligations of the employee on whom the information is requested.
(d)(1) Amounts withheld from weekly compensation benefits for child support obligations shall not exceed twenty-five percent (25%) of the benefit amount.
(2) Amounts withheld from a lump-sum settlement on a joint petition for child support obligations shall not exceed fifty percent (50%) of the settlement amount.
(e) Any amount withheld under subsection (d) of this section shall be paid through the appropriate court payable to the person or agency to whom the obligation is payable.
(f) Any amo
Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-9-110
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 11-9-110. This identifies an authority to review, not proof of applicability.