Ark. Code Ann. § 16-123-339: Effect if relief granted

Relief granted under this subchapter does not affect a contract, sale encumbrance, or lease that:

(1) Was consummated before the granting of the relief; and

(2) Involved a bona fide purchaser, encumbrancer, or tenant who did not have actual notice of the filing of a complaint under this subchapter or a civil action under this subchapter.