Arkansas Code Title 2, Subtitle 3, Chapter 32, Subchapter 4 - Livestock Owner's Lien Act
- § 2-32-401 - Title.
This subchapter shall be known and may be cited as the "Livestock Owner's Lien Act".
- § 2-32-402 - Definitions.
As used in this subchapter: (1) "Affiliate" means a person that: (A) Is directly or indirectly controlled by a first purchaser; or (B) Directly...
- § 2-32-403 - Livestock Lien.
(a) (1) To secure the obligations of a first purchaser to pay the sales price, a livestock owner is granted a lien in all...
- § 2-32-404 - Perfection of Livestock Lien.
An owner's lien is perfected automatically from August 16, 2013, or the date a sales agreement is executed after August 16, 2013, without the...
- § 2-32-405 - Commingled Livestock -- Priority.
(a) If livestock subject to an owner's lien are commingled with other livestock in a manner that the identity of the specific livestock subject...
- § 2-32-406 - Transfer of Lien -- Priority.
(a) (1) A purchaser or sales agent takes free of an owner's lien otherwise applicable to the livestock purchased and is relieved of any...
- § 2-32-407 - Lien Priority Generally.
Except for a permitted lien, an owner's lien takes priority over any other lien regardless of whether the lien arises by contract, law, equity,...
- § 2-32-408 - Applicability.
This subchapter does not affect the time at which legal title to livestock may pass by agreement or operation of law subject to an...
- § 2-32-409 - Waiver, Relinquishment, or Release of Lien Prohibited.
(a) (1) A livestock owner shall not be required as a condition or term of an agreement to sell or otherwise to: (A) Waive,...
- § 2-32-410 - Lien Expiration -- Action on an Owner's Lien.
(a) An owner's lien expires one (1) year after the last day of the month following the date the sales price from the sale...
- § 2-32-411 - Preference.
If this subchapter conflicts with other rights a livestock owner may have, the livestock owner's right to receive the sales price shall be given
Last modified: November 15, 2016