Arkansas § 4-100-101 Definitions

Arkansas Statutes

§ 4-100-101 — Definitions

Arkansas § 4-100-101

Title4

This text of Arkansas § 4-100-101 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-100-101 (2026).

Text

As used in this subchapter, unless the context requires otherwise:

(1)"Lease" means the grant of use and possession of a motor vehicle for consideration, whether or not the grant includes an option to buy the vehicle;

(2)"Motor vehicle" means a device in, on, or by which a person or property is or may be transported or drawn on a highway, except a device used exclusively on stationary rails or tracks;

(3)"Security interest" means an interest in personal property or fixtures that secures payment or performance of an obligation;

(4)"Third party" means a person other than the actor or the owner of the vehicle; and (5) "Transfer" means to transfer possession, whether or not another right is also transferred, by means of a sale, lease, sublease, lease assignment, or other property transfer.

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As used in this subchapter, unless the context requires otherwise: (1) "Lease" means the grant of use and possession of a motor vehicle for consideration, whether or not the grant includes an option to buy the vehicle; (2) "Motor vehicle" means a device in, on, or by which a person or property is or may be transported or drawn on a highway, except a device used exclusively on stationary rails or tracks; (3) "Security interest" means an interest in personal property or fixtures that secures payment or performance of an obligation; (4) "Third party" means a person other than the actor or the owner of the vehicle; and (5) "Transfer" means to transfer possession, whether or not another right is also transferred, by means of a sale, lease, sublease, lease assignment, or other property transfer.