{"data":{"id":"us-ar/ark.-code-ann.-4-9-611","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-9-611","heading":"Notification before disposition of collateral.","body":"(a) In this section, “notification date” means the earlier of the date on which:\n(1) a secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or\n(2) the debtor and any secondary obligor waive the right to notification.\n(b) Except as otherwise provided in subsection (d), a secured party that disposes of collateral under § 4-9-610 shall send to the persons specified in subsection (c) a reasonable authenticated notification of disposition.\n(c) To comply with subsection (b), the secured party shall send an authenticated notification of disposition to:\n(1) the debtor;\n(2) any secondary obligor; and\n(3) if the collateral is other than consumer goods:\n(A) any other person from which the secured party has received, before the notification date, an authenticated notification of a claim of an interest in the collateral;\n(B) any other secured party or lienholder that, ten (10) days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:\n(i) identified the collateral;\n(ii) was indexed under the debtor's name as of that date; and\n(iii) was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\n(C) any other secured party that, ten (10) days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in § 4-9-311(a).\n(d) Subsection (b) does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n(e) A secured party complies with the requirement for notification prescribed by subdivision (c)(3)(B) if:\n(1) not later than twenty (20) days or earlier than thirty (30) days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in subdivision (c)(3)(B); and\n(2) before the notification date, the secured party:\n(A) did not receive a response to the request for information; or\n(B) received a response to the request for information and sent an authenticated notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 9 Secured Transactions","Part 6 — Default","Subpart 1 Default and Enforcement of Security Interest"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"2662ac9f39187f920c778b7a4663fd45ca5f3d0d59e6f50961ced96967a20549","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-9-610","next":"us-ar/ark.-code-ann.-4-9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}