{"data":{"id":"us-ar/ark.-code-ann.-4-9-618","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-9-618","heading":"Rights and duties of certain secondary obligors.","body":"(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) An assignment, transfer, or subrogation described in subsection (a):\n(1) is not a disposition of collateral under § 4-9-610; and\n(2) relieves the secured party of further duties under this chapter.","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":"9fa750e6e3806ada742cbc472d79e9f2514e8a425db80f5ba391d852491cf1cf","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-9-617","next":"us-ar/ark.-code-ann.-4-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}