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Arkansas Code Title 18. Property § 18-48-702. Marina operator's lien on watercraft and stored property

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) The operator of a marina facility has a lien on all personal property stored within each leased space for rent, labor, or other charges and for expenses reasonably incurred in its sale, as provided in this subchapter.

(b) The lien provided for in this section attaches as of the date the lease or rental payment becomes delinquent and shall be superior to any other lien or security interest except the following:

(1) A lien which is perfected and recorded in Arkansas in the name of the occupant, either in the county of the occupant's last known address or in the county where the marina facility is located, prior to the date the lease or rental payment becomes delinquent;

(2) Any tax lien; and

(3) Any lienholder with a perfected security interest in the property.

(c) Nothing in this subchapter shall be construed to prohibit the occupant, operator, lienholder, or any other person or entity claiming an interest in the property stored in the leased space from applying to a court of competent jurisdiction to determine the validity of the lien or its priority.

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Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-48-702. Marina operator's lien on watercraft and stored property - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-48-702/

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