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Arkansas · Snapshot Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended

Ark. Code Ann. § 4-32-705: Rights of judgment creditor.

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Where this section sits in the code
  1. Title 4 Business and Commercial Law
  2. Subtitle 3. Corporations and Associations
  3. Chapter 32 Small Business Entity Tax Pass Through Act
  4. Subchapter 7 — Ownership and Transfer of Property

(a)(1) On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the member's limited liability company interest with payment of the unsatisfied amount of judgment with interest.

(2) To the extent so charged, the judgment creditor has only the rights of an assignee of the member's limited liability company interest.

(3) This chapter does not deprive any member of the benefit of any exemption laws applicable to his or her limited liability company interest.

(b) Upon the filing of a charging application by a judgment creditor of a member under subdivision (a)(1) of this section and the recording of the charging application in the register of the Secretary of State as required under subsection (c) of this section, a temporary lien is created in favor of the judgment creditor against the member's membership interest in the limited liability company interest until a ruling by the court is entered on the record or the application is dismissed.

(c) The Secretary of State shall:

(1) Create a register within the Uniform Commercial Code lien filings for charging applications received under subsection (b) of this section; and

(2) Maintain the register so that the register can be searched in the same manner as the lien filings of the Uniform Commercial Code, § 4-1-101 et seq.

Collected 2026-09-17T21:07:03Z. Source file · JSON

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