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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) If the occupant is in default for more than forty-five (45) days, the operator may enforce the lien by selling the personal property stored in the leased space at a public sale for cash.
(b)(1) If the personal property subject to the lien is a motor vehicle, trailer, or watercraft, and the occupant is in default for at least sixty (60) days, the operator may remove the personal property instead of selling the property under subsection (a) of this section.
(2) If a motor vehicle, trailer, or watercraft is removed by a towing operator, the operator is not liable for the personal property or any damages to the personal property once the towing operator takes possession of the personal property.
Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-16-406. Default--Right to sell or remove property - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-16-406/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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