Arkansas Code Title 4. Business and Commercial Law § 4-11-104. Rights in virtual currency

(a) In this section:

(b) Subject to subsections (c) through (h), law other than this chapter determines whether a person acquires rights in a virtual currency and the rights that the person acquires.

(c) A purchaser of a virtual currency acquires all rights in the virtual currency that the transferor had or had power to transfer.

(d) A purchaser of a limited interest in a virtual currency acquires rights only to the extent of the interest purchased.

(e) In addition to acquiring the rights of a purchaser, a qualifying purchaser acquires its rights in a virtual currency free of any adverse claim.

(f) An action based on an adverse claim to a virtual currency, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a qualifying purchaser that acquires its interest in, and obtains control of, the virtual currency for value and without notice of the adverse claim.

(g) A person has notice of an adverse claim if:

(h) Filing of a financing statement under Chapter 9 is not notice of an adverse claim to a virtual currency.