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Arkansas Code Title 4. Business and Commercial Law § 4-9-110. Security interests arising under Chapter 2 or Chapter 2A

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

A security interest arising under § 4-2-401, § 4-2-505, § 4-2-711(3), or § 4-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if § 4-9-203(b)(3) has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governed by Chapter 2 or Chapter 2A; and

(4) the security interest has priority over a conflicting security interest created by the debtor.

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Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-9-110. Security interests arising under Chapter 2 or Chapter 2A - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-9-110/

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