Arkansas Code Title 4, Subtitle 1, Chapter 9, Part 3 - Perfection and Priority, Subpart 3 - Priority

• § 4-9-317 - Interests that Take Priority Over or Take Free of Security Interest or Agricultural Lien.
  (a) A security interest or agricultural lien is subordinate to the rights of: (1) a person entitled to priority under § 4-9-322; and (2)...
• § 4-9-318 - No Interest Retained in Right to Payment that is Sold -- Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers.
  (a) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in...
• § 4-9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers.
  (a) Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from,...
• § 4-9-320 - Buyer of Goods.
  (a) Except as otherwise provided in subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a...
• § 4-9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business.
  (a) In this section, "licensee in ordinary course of business" means a person that becomes a licensee of a general intangible in good faith,...
• § 4-9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral.
  (a) Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to...
• § 4-9-323 - Future Advances.
  (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...
• § 4-9-324 - Priority of Purchase-Money Security Interests.
  (a) Except as otherwise provided in subsection (g), a perfected purchase-money security interest in goods other than inventory or livestock has priority over a...
• § 4-9-325 - Priority of Security Interests in Transferred Collateral.
  (a) Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same...
• § 4-9-326 - Priority of Security Interests Created by New Debtor.
  (a) Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or...
• § 4-9-327 - Priority of Security Interests in Deposit Account.
  The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having...
• § 4-9-328 - Priority of Security Interests in Investment Property.
  The following rules govern priority among conflicting security interests in the same investment property: (1) A security interest held by a secured party having...
• § 4-9-329 - Priority of Security Interests in Letter-Of-credit Right.
  The following rules govern priority among conflicting security interests in the same letter-of-credit right: (1) A security interest held by a secured party having...
• § 4-9-330 - Priority of Purchaser of Chattel Paper or Instrument.
  (a) A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory...
• § 4-9-331 - Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Chapters -- Priority of Interests in Financial Assets and Security Entitlements Under Chapter 8.
  (a) This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable...
• § 4-9-332 - Transfer of Money -- Transfer of Funds From Deposit Account.
  (a) A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating...
• § 4-9-333 - Priority of Certain Liens Arising by Operation of Law.
  (a) In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien: (1) which secures payment or performance...
• § 4-9-334 - Priority of Security Interests in Fixtures and Crops.
  (a) A security interest under this chapter may be created in goods that are fixtures or may continue in goods that become fixtures. A...
• § 4-9-335 - Accessions.
  (a) A security interest may be created in an accession and continues in collateral that becomes an accession.(b) If a security interest is perfected...
• § 4-9-336 - Commingled Goods.
  (a) In this section, "commingled goods" means goods that are physically united with other goods in such a manner that their identity is lost...
• § 4-9-337 - Priority of Security Interests in Goods Covered by Certificate of Title.
  If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of...
• § 4-9-338 - Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information.
  If a security interest or agricultural lien is perfected by a filed financing statement providing information described in § 4-9-516(b)(5) which is incorrect at...
• § 4-9-339 - Priority Subject to Subordination.
  This chapter does not preclude subordination by agreement by a person entitled to priority.

Last modified: November 15, 2016