Provisions Added to Perfect Interest in Personal Property

September 2013

by Timothy W. Grooms |

“Fundamental to the concept of taking a security interest is the ability of a secured party to remain perfected in its collateral. The Arkansas General Assembly recently passed Act 138 of 2013 (“Act”), which became effective on July 1, 2013, revising certain portions of Article 9 of the Uniform Commercial Code, the body of law governing the priority and perfection of security interests in personal property.”

Note: The above is an excerpt from the article published in the September 30, 2013, issue of The Banker’s Advocate.  Click the link below to read the actual publication.