Ark. Code § 4-19-104

Current with legislation from 2024 Fiscal and Special Sessions.

Section 4-19-104 - Filing requirements

Notwithstanding §§ 4-9-302(3), 4-9-302(4), 4-9-401(1), and 4-9-402 - 4-9-406:

(1) If filing is required under the Uniform Commercial Code, subtitle 1 of this title, the proper place to file statements pertaining to a security interest in personal property or fixtures of a transmitting utility is in the office of the Secretary of State;

(2) When the financing statement covers goods of a transmitting utility which are or are to become fixtures, no description of the real estate concerned is required;

(3) A security interest in rolling stock of a transmitting utility may be perfected either as provided in § 20(c) of the Interstate Commerce Act or by filing a financing statement pursuant to the Uniform Commercial Code as provided in subdivision (1) of this section; and

(4) A financing statement filed pursuant to subdivision (1) of this section shall remain effective until terminated without the need for filing a continuation statement under § 4-9-403.

Ark. Code § 4-19-104

Acts 1965, No. 375, § 3; A.S.A. 1947, § 73-2303.