Arkansas Statutes
§ 16-56-107 — Enforcement of security interest in livestock
Arkansas·Title 16
(a)No action to enforce a security interest in livestock shall be brought against a livestock auction market or selling agent who, in the ordinary course of business, sells the livestock for another person in a public auction, more than eighteen (18) months after the date of the sale.
(b)No action to enforce a security interest in livestock against a buyer in the ordinary course of business shall be brought more than eighteen (18) months after the livestock is sold to the buyer.
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Legislative History
Acts 1985, No. 902, §§ 1, 2; A.S.A. 1947, §§ 37-246, 37-247.
Nearby Sections
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Recidivism definition and reporting§ 16-10-1001
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Purpose and findings§ 16-10-1003
Administrative Office of the Courts - Duties - Director of Security and Emergency Preparedness§ 16-10-1004
Court security officers - Definition§ 16-10-1006
Court security grant program§ 16-10-103
Training and education of court personnel§ 16-10-104
Courts of record§ 16-10-105
Sittings of courts to be public§ 16-10-106
Power to issue writs and process§ 16-10-108
Contempt