Arkansas Statutes
§ 18-48-504 — Enforcement of lien in general
Arkansas·Title 18
(a)(1) Any owner of any plant holding a lien under this section and §§ 18-48-501 - 18-48-503 may hold the farm product, and the by-products thereof, if any, for a period of thirty (30) days, unless his or her claim is sooner paid.
(2)After that time the lienholder may sell such portion of products or by-products, or both, as may be necessary to discharge the lien at the prevailing market price on the market, at private sale, and from the proceeds deduct the amount justly due him or her. This amount shall include reasonable costs for holding the sale and delivering over to the owner of the farm product the balance of the product, if any, remaining.
(3)If the farm product or by-products are gone from the lienholder's possession, he or she may enforce his or her lien before the court, in t
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 18-48-504 (Enforcement of lien in general) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1949, No. 81, § 2; A.S.A. 1947, § 51-910.
Nearby Sections
15
§ 18-1-101
Lien holder form§ 18-11-106
Adverse possession§ 18-11-108
Liability for criminal acts§ 18-11-109
Property owner right to repair - Definition§ 18-11-201
Trustees to hold in perpetual succession§ 18-11-202
Authority of trustees§ 18-11-301
Purpose