reglab/housing_qa huggingface dataset:
AR Code § 4-9-409 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 4 - Rights of Third Parties|§ 4-9-409. Restrictions on assignment of letter-of-credit rights ineffective

 (a) A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice:  (1) would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or  (2) provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.    (b) To the extent that a term in a letter of credit is ineffective under subsection (a) but would be effective under law other than this chapter or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:  (1) is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;  (2) imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and  (3) does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.
AR Code § 4-9-701 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-701. Effective date

 Acts 2001, No. 1439, takes effect on July 1, 2001.
AR Code § 4-9-702 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-702. Savings clause

 (a) Except as otherwise provided in this part, Acts 2001, No. 1439, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect on July 1, 2001.  (b) Except as otherwise provided in subsection (c) and §§ 4-9-703 — 4-9-709:  (1) transactions and liens that were not governed by former Chapter 9, were validly entered into or created before this act takes effect, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after this act takes effect; and  (2) the transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.    (c) This act does not affect an action, case, or proceeding commenced before this act takes effect.
AR Code § 4-9-703 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-703. Security interest perfected before effective date

 (a) A security interest that is enforceable immediately before Acts 2001, No. 1439, takes effect on July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements for enforceability and perfection under this act are satisfied without further action.  (b) Except as otherwise provided in § 4-9-705, if, immediately before this act takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied when this act takes effect, the security interest:  (1) is a perfected security interest for one (1) year after this act takes effect;  (2) remains enforceable thereafter only if the security interest becomes enforceable under § 4-9-203 before the year expires; and  (3) remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.    (c) Notwithstanding any provision of this act, any financing statement referencing a transmitting utility as the debtor, which was sufficient for perfection of a security interest under former Chapter 9 under the Transmitting Utility Act, § 4-19-101 et seq., and which was deemed a continuous filing before the effective date of this act, shall be sufficient for perfection of a security interest and maintain such continuously perfected status after the effective date of this act.
AR Code § 4-9-704 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-704. Security interest unperfected before effective date

 A security interest that is enforceable immediately before this act takes effect on July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:   (1) remains an enforceable security interest for one (1) year after this act takes effect;  (2) remains enforceable thereafter if the security interest becomes enforceable under § 4-9-203 when this act takes effect or within one (1) year thereafter; and  (3) becomes perfected:  (A) without further action, when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or  (B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
AR Code § 4-9-705 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-705. Effectiveness of action taken before effective date

 (a) If action, other than the filing of a financing statement, is taken before this act takes effect on July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable before this act takes effect, the action is effective to perfect a security interest that attaches under this act within one year after this act takes effect. An attached security interest becomes unperfected one (1) year after this act takes effect unless the security interest becomes a perfected security interest under this act before the expiration of that period.  (b) The filing of a financing statement before this act takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this act.  (c) This act does not render ineffective an effective financing statement that, before this act takes effect, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former § 4-9-103 [repealed]. However, except as otherwise provided in subsections (d) and (e) and § 4-9-706, the financing statement ceases to be effective at the earlier of:  (1) the time the financing statement would have ceased to be effective under the law of the jurisdiction in which it is filed; or  (2) June 30, 2006.    (d) The filing of a continuation statement after this act takes effect does not continue the effectiveness of the financing statement filed before this act takes effect. However, upon the timely filing of a continuation statement after this act takes effect and in accordance with the law of the jurisdiction governing perfection as provided in part 3, the effectiveness of a financing statement filed in the same office in that jurisdiction before this act takes effect continues for the period provided by the law of that jurisdiction.  (e) Subdivision (c)(2) applies to a financing statement that, before this act takes effect, is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former § 4-9-103 [repealed] only to the extent that part 3 provides that the law of a jurisdiction other than the jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.  (f) A financing statement that includes a financing statement filed before this act takes effect and a continuation statement filed after this act takes effect is effective only to the extent that it satisfies the requirements of part 5 for an initial financing statement.
AR Code § 4-9-706 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-706. When initial financing statement suffices to continue effectiveness of financing statement

 (a) The filing of an initial financing statement in the office specified in § 4-9-501 continues the effectiveness of a financing statement filed before this act takes effect on July 1, 2001, if:  (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this act;  (2) the pre-effective-date financing statement was filed in an office in another state or another office in this State; and  (3) the initial financing statement satisfies subsection (c).    (b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:  (1) if the initial financing statement is filed before this act takes effect, for the period provided in former § 4-9-403 with respect to a financing statement; and  (2) if the initial financing statement is filed after this act takes effect, for the period provided in § 4-9-515 with respect to an initial financing statement.    (c) To be effective for purposes of subsection (a), an initial financing statement must:  (1) satisfy the requirements of part 5 for an initial financing statement;  (2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and  (3) indicate that the pre-effective-date financing statement remains effective.
AR Code § 4-9-707 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-707. Amendment of pre-effective-date financing statement

 (a) In this section, “pre-effective-date financing statement” means a financing statement filed before this act takes effect on July 1, 2001.  (b) After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in part 3. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.  (c) Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after this act takes effect only if:  (1) the pre-effective-date financing statement and an amendment are filed in the office specified in § 4-9-501;  (2) an amendment is filed in the office specified in § 4-9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies § 4-9-706(c); or  (3) an initial financing statement that provides the information as amended and satisfies § 4-9-706(c) is filed in the office specified in § 4-9-501.    (d) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under § 4-9-705(d) and (f) or § 4-9-706.  (e) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after this act takes effect by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies § 4-9-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in part 3 as the office in which to file a financing statement.
AR Code § 4-9-708 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-708. Persons entitled to file initial financing statement or continuation statement

 A person may file an initial financing statement or a continuation statement under this part if:   (1) the secured party of record authorizes the filing; and  (2) the filing is necessary under this part:  (A) to continue the effectiveness of a financing statement filed before this act takes effect on July 1, 2001; or  (B) to perfect or continue the perfection of a security interest.
AR Code § 4-9-709 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 7 - Transition|§ 4-9-709. Priority

 (a) This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect on July 1, 2001, former Chapter 9 determines priority.  (b) For purposes of § 4-9-322(a), the priority of a security interest that becomes enforceable under § 4-9-203 dates from the time this act takes effect if the security interest is perfected under this act by the filing of a financing statement before this act takes effect which would not have been effective to perfect the security interest under former Chapter 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.
AR Code § 4-9-801 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-801. Effective date

 This act takes effect on July 1, 2013.
AR Code § 4-9-802 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-802. Savings clause

 (a) Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.  (b) This act does not affect an action, case, or proceeding commenced before this act takes effect.
AR Code § 4-9-803 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-803. Security interest perfected before effective date

 (a) A security interest that is a perfected security interest immediately before this act takes effect is a perfected security interest under this chapter as amended by this act if, when this act takes effect, the applicable requirements for attachment and perfection under this chapter as amended by this act are satisfied without further action.  (b) Except as otherwise provided in § 4-9-805, if, immediately before this act takes effect, a security interest is a perfected security interest, but the applicable requirements for perfection under this chapter as amended by this act are not satisfied when this act takes effect, the security interest remains perfected thereafter only if the applicable requirements for perfection under this chapter as amended by this act are satisfied within one year after this act takes effect.
AR Code § 4-9-804 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-804. Security interest unperfected before effective date

 A security interest that is an unperfected security interest immediately before this act takes effect becomes a perfected security interest:   (1) without further action, when this act takes effect, if the applicable requirements for perfection under this chapter as amended by this act are satisfied before or at that time; or  (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
AR Code § 4-9-806 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-806. When initial financing statement suffices to continue effectiveness of financing statement

 (a) The filing of an initial financing statement in the office specified in § 4-9-501 continues the effectiveness of a financing statement filed before this act takes effect if:  (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this chapter as amended by this act;  (2) the pre-effective-date financing statement was filed in an office in another state; and  (3) the initial financing statement satisfies subsection (c).    (b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:  (1) if the initial financing statement is filed before this act takes effect, for the period provided in § 4-9-515 with respect to an initial financing statement; and  (2) if the initial financing statement is filed after this act takes effect, for the period provided in § 4-9-515 as amended by this act with respect to an initial financing statement.    (c) To be effective for purposes of subsection (a), an initial financing statement must:  (1) satisfy the requirements of part 5 as amended by this act for an initial financing statement;  (2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and  (3) indicate that the pre-effective-date financing statement remains effective.
AR Code § 4-9-807 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-807. Amendment of pre-effective-date financing statement

 (a) In this section, “pre-effective-date financing statement” means a financing statement filed before this act takes effect.  (b) After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Chapter 9 as amended by this act. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.  (c) Except as otherwise provided in subsection (d), if the law of this State governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after this act takes effect only if:  (1) the pre-effective-date financing statement and an amendment are filed in the office specified in § 4-9-501;  (2) an amendment is filed in the office specified in § 4-9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies § 4-9-806(c); or  (3) an initial financing statement that provides the information as amended and satisfies § 4-9-806(c) is filed in the office specified in § 4-9-501.    (d) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under § 4-9-805(c) and (e) or § 4-9-806.  (e) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after this act takes effect by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies § 4-9-806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Chapter 9 as amended by this act as the office in which to file a financing statement.
AR Code § 4-9-808 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-808. Persons entitled to file initial financing statement or continuation statement

 A person may file an initial financing statement or a continuation statement under this part if:   (1) the secured party of record authorizes the filing; and  (2) the filing is necessary under this part:  (A) to continue the effectiveness of a financing statement filed before this act takes effect; or  (B) to perfect or continue the perfection of a security interest.
AR Code § 4-9-809 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 8 - Transition Provisions for 2010 Amendments|§ 4-9-809. Priority

 This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect, Chapter 9 as it existed before its amendment by this act determines priority.
AR Code § 4-18-302 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 2 - Miscellaneous Commercial Law Provisions|Chapter 18 - Weights and Measures|Subchapter 3 - Uniform Weights and Measures Law|§ 4-18-302. Systems of weights and measures

 The International System of Units (SI) and the system of weights and measures in customary use in the United States are jointly recognized, and either one (1) or both of these systems shall be used for all commercial purposes in the state. The definitions of basic units of weight and measure, the tables of weight and measure, and weights and measures equivalents as published by the National Institute of Standards and Technology are recognized and shall govern weighing and measuring equipment and transactions in the state.