Arkansas Statutes
§ 4-9-405 — Modification of assigned contract
Arkansas § 4-9-405
JurisdictionArkansas
Title4
This text of Arkansas § 4-9-405 (Modification of assigned contract) 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. § 4-9-405 (2026).
Text
(a)A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b)-
(d).
(b)Subsection (a) applies to the extent that:
(1)the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or (2) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under § 4-9-406(a) .
(c)This section is subject to law other than this chapter which establishes a different rule for an ac
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Legislative History
Acts 2001, No. 1439, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-9-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-9-405.