Arkansas Statutes

§ 4-9-323 — Future advances

Arkansas·Title 4
(a)Except as otherwise provided in subsection (c), for purposes of determining the priority of a perfected security interest under § 4-9-322(a)(1) , perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:
(1)is made while the security interest is perfected only:
(A)under § 4-9-309 when it attaches; or (B) temporarily under § 4-9-312(e), (f), or (g) ; and (2) is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under § 4-9-309 or § 4-9-312(e), (f), or (g) .
(b)Except as otherwise provided in subsection (c), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security intere

Free access — add to your briefcase to read the full text and ask questions with AI

Arkansas § 4-9-323 (Future advances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 2001, No. 1439, § 1.

Nearby Sections

15
View on official source ↗