reglab/housing_qa huggingface dataset:
AR Code § 4-9-626 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 6 - Default|Subpart 2 - Noncompliance with Chapter|§ 4-9-626. Action in which deficiency or surplus is in issue

 (a) In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:  (1) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.  (2) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition, or acceptance was conducted in accordance with this part.  (3) Except as otherwise provided in § 4-9-628, if a secured party fails to prove that the collection, enforcement, disposition, or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses, and attorney's fees exceeds the greater of:  (A) the proceeds of the collection, enforcement, disposition, or acceptance; or  (B) the amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance.    (4) For purposes of paragraph (3)(B), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses, and attorney's fees unless the secured party proves that the amount is less than that sum.  (5) If a deficiency or surplus is calculated under § 4-9-615(f), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party, or a secondary obligor would have brought.    (b) The limitation of the rules in subsection (a) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.
AR Code § 4-9-627 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 6 - Default|Subpart 2 - Noncompliance with Chapter|§ 4-9-627. Determination of whether conduct was commercially reasonable

 (a) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.  (b) A disposition of collateral is made in a commercially reasonable manner if the disposition is made:  (1) in the usual manner on any recognized market;  (2) at the price current in any recognized market at the time of the disposition; or  (3) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.    (c) A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:  (1) in a judicial proceeding;  (2) by a bona fide creditors' committee;  (3) by a representative of creditors; or  (4) by an assignee for the benefit of creditors.    (d) Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.
AR Code § 4-9-628 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Part 6 - Default|Subpart 2 - Noncompliance with Chapter|§ 4-9-628. Nonliability and limitation on liability of secured party — Liability of secondary obligor

 (a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:  (1) the secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this chapter; and  (2) the secured party's failure to comply with this chapter does not affect the liability of the person for a deficiency.    (b) A secured party is not liable because of its status as secured party:  (1) to a person that is a debtor or obligor, unless the secured party knows:  (A) that the person is a debtor or obligor;  (B) the identity of the person; and  (C) how to communicate with the person; or    (2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:  (A) that the person is a debtor; and  (B) the identity of the person.      (c) A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:  (1) a debtor's representation concerning the purpose for which collateral was to be used, acquired, or held; or  (2) an obligor's representation concerning the purpose for which a secured obligation was incurred.    (d) A secured party is not liable to any person under § 4-9-625(c)(2) for its failure to comply with § 4-9-616.  (e) A secured party is not liable under § 4-9-625(c)(2) more than once with respect to any one (1) secured obligation.
AR Code § 4-27-101 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part A - : Short Title and Reservation of Power|§ 4-27-101. Short title

 This chapter shall be known and may be cited as the “Arkansas Business Corporation Act of 1987.”
AR Code § 4-27-102 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part A - : Short Title and Reservation of Power|§ 4-27-102. Reservation of power to amend or repeal

 The General Assembly has power to amend or repeal all or part of this chapter at any time and all domestic and foreign corporations subject to this chapter are governed by the amendment or repeal.
AR Code § 4-27-120 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-120. Filing requirements. [Effective until May 1, 2021.]

 (a) A document must satisfy the requirements of this section, and of any other section that adds to or varies these requirements, to be entitled to filing by the Secretary of State.  (b) This chapter must require or permit filing the document in the office of the Secretary of State.  (c) The document must contain the information required by this chapter. It may contain other information as well.  (d) The document must be typewritten or printed.  (e) The document must be in the English language. A corporate name need not be in English if written in English letters or Arabic or Roman numerals, and the certificate of existence required of foreign corporations need not be in English if accompanied by a reasonably authenticated English translation.  (f) The document must be executed:  (1) by the chairman of the board of directors of a domestic or foreign corporation, by its president, or by another of its officers;  (2) if directors have not been selected or the corporation has not been formed, by an incorporator; or  (3) if the corporation is in the hands of a receiver, trustee, or other court-appointed fiduciary, by that fiduciary.    (g) The person executing the document shall sign it and state beneath or opposite his signature his name and the capacity in which he signs. The document may but need not contain: (1) the corporate seal, (2) an attestation by the secretary or an assistant secretary, (3) an acknowledgement, verification, or proof.  (h) If the Secretary of State has prescribed a mandatory form for the document under § 4-27-121, the document must be in or on the prescribed form.  (i) The document must be delivered to the office of the Secretary of State for filing and must be accompanied by one (1) exact or conformed copy (except as provided in §§ 4-27-503 and 4-27-1509 [repealed]), the correct filing fee, and any franchise tax, license fee, or penalty required by this chapter or other law.
AR Code § 4-27-120 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-120. Filing requirements. [Effective May 1, 2021.]

 (a) A document must satisfy the requirements of this section, and of any other section that adds to or varies these requirements, to be entitled to filing by the Secretary of State.  (b) This chapter must require or permit filing the document in the office of the Secretary of State.  (c) The document must contain the information required by this chapter. It may contain other information as well.  (d) The document must be typewritten or printed.  (e) The document must be in the English language. A corporate name need not be in English if written in English letters or Arabic or Roman numerals, and the certificate of existence required of foreign corporations need not be in English if accompanied by a reasonably authenticated English translation.  (f) The document must be executed:  (1) by the chairman of the board of directors of a domestic or foreign corporation, by its president, or by another of its officers;  (2) if directors have not been selected or the corporation has not been formed, by an incorporator; or  (3) if the corporation is in the hands of a receiver, trustee, or other court-appointed fiduciary, by that fiduciary.    (g) The person executing the document shall sign it and state beneath or opposite his signature his name and the capacity in which he signs. The document may but need not contain: (1) the corporate seal, (2) an attestation by the secretary or an assistant secretary, (3) an acknowledgement, verification, or proof.  (h) If the Secretary of State has prescribed a mandatory form for the document under § 4-27-121, the document must be in or on the prescribed form.  (i) The document must be delivered to the office of the Secretary of State for filing and must be accompanied by one (1) exact or conformed copy, the correct filing fee, and proof of payment of any franchise tax, license fee, or penalty required by this chapter or other law.
AR Code § 4-27-121 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-121. Forms. [Effective until May 1, 2021.]

 (a) The Secretary of State may prescribe and furnish on request forms for: (1) an application for a certificate of existence, (2) a foreign corporation's application for a certificate of authority to transact business in this state, (3) a foreign corporation's application for a certificate of withdrawal, and (4) the annual franchise tax report. If the Secretary of State so requires, use of these forms is mandatory.  (b) The Secretary of State may prescribe and furnish on request forms for other documents required or permitted to be filed by this chapter but their use is not mandatory.
AR Code § 4-27-121 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-121. Forms. [Effective May 1, 2021.]

 (a) The Secretary of State may prescribe and furnish on request forms for: (1) an application for a certificate of existence, (2) a foreign corporation's application for a certificate of authority to transact business in this state, and (3) a foreign corporation's application for a certificate of withdrawal. If the Secretary of State so requires, use of these forms is mandatory.  (b) The Secretary of State may prescribe and furnish on request forms for other documents required or permitted to be filed by this chapter but their use is not mandatory.
AR Code § 4-27-123 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-123. Effective time and date of document

 (a) Except as provided in subsection (b) of this section and § 4-27-124(c), a document accepted for filing is effective:  (1) at the time of filing on the date it is filed, as evidenced by the Secretary of State's date and time endorsement on the original document; or  (2) at the time specified in the document as its effective time on the date it is filed.    (b) A document may specify a delayed effective time and date, and if it does so, the document becomes effective at the time and date specified. If a delayed effective date but no time is specified, the document is effective at the close of business on that date. A delayed effective date for a document may not be later than the 90th day after the date it is filed.
AR Code § 4-27-124 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-124. Correcting filed document

 (a) A domestic or foreign corporation may correct a document filed by the Secretary of State if the document (1) contains an incorrect statement or (2) was defectively executed, attested, sealed, verified, or acknowledged.  (b) A document is corrected:  (1) by preparing articles of correction that  (i) describe the document (including its filing date) or attach a copy of it to the articles,  (ii) specify the incorrect statement and the reason it is incorrect or the manner in which the execution was defective, and  (iii) correct the incorrect statement or defective execution; and    (2) by delivering the articles to the Secretary of State for filing.    (c) Articles of correction are effective on the effective date of the document they correct except as to persons relying on the uncorrected document and adversely affected by the correction. As to those persons, articles of correction are effective when filed.
AR Code § 4-27-125 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-125. Filing duty of Secretary of State

 (a) If a document delivered to the office of the Secretary of State for filing satisfies the requirements of § 4-27-120, the Secretary of State shall file it.  (b)  (1) The Secretary of State files a document by stamping or otherwise endorsing “Filed,” together with his or her name and official title and the date and time of receipt, on both the original and the document copy and on the receipt for the filing fee.  (2) After filing a document, except as provided in § 4-27-1510, the Secretary of State shall deliver the document copy, with the filing fee receipt (or acknowledgement of receipt if no fee is required) attached, to the domestic or foreign corporation or its representative.    (c) If the Secretary of State refuses to file a document, he shall return it to the domestic or foreign corporation or its representative within five (5) days after the document was delivered, together with a brief, written explanation of the reason for his refusal.  (d) The Secretary of State's duty to file documents under this section is ministerial. His filing or refusing to file a document does not:  (1) affect the validity or invalidity of the document in whole or in part;  (2) relate to the correctness or incorrectness of information contained in the document;  (3) create a presumption that the document is valid or invalid or that information contained in the document is correct or incorrect.
AR Code § 4-27-126 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-126. Appeal from Secretary of State's refusal to file document

 (a) If the Secretary of State refuses to file a document delivered to his office for filing, the domestic or foreign corporation may appeal the refusal within thirty (30) days after the return of the document to the Pulaski County Circuit Court. The appeal is commenced by petitioning the court to compel filing the document and by attaching to the petition the document and the Secretary of State's explanation of his refusal to file.  (b) The court may summarily order the Secretary of State to file the document or take other action the court considers appropriate.  (c) The court's final decision may be appealed as in other civil proceedings.
AR Code § 4-27-127 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-127. Evidentiary effect of copy of filed document

 A certificate attached to a copy of a document filed by the Secretary of State, bearing his signature (which may be in facsimile) and the seal of this state, is conclusive evidence that the original document is on file with the Secretary of State.
AR Code § 4-27-128 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-128. Certificate of existence. [Effective until May 1, 2021.]

 (a) Anyone may apply to the Secretary of State to furnish a certificate of existence for a domestic corporation or a certificate of authorization for a foreign corporation.  (b) A certificate of existence or authorization sets forth:  (1) the domestic corporation's corporate name or the foreign corporation's corporate name used in this state;  (2) that  (i) the domestic corporation is duly incorporated under the laws of this state, the date of its incorporation, and the period of its duration if less than perpetual; or  (ii) that the foreign corporation is authorized to transact business in this state;    (3) that all fees, taxes, and penalties owed to this state have been paid, if  (i) payment is reflected in the records of the Secretary of State and  (ii) nonpayment affects the existence or authorization of the domestic or foreign corporation;    (4) that its most recent annual franchise tax report required by § 4-27-1622 has been delivered to the Secretary of State;  (5) that articles of dissolution have not been filed; and  (6) other facts of record in the office of the Secretary of State that may be requested by the applicant.    (c) Subject to any qualification stated in the certificate, a certificate of existence or authorization issued by the Secretary of State may be relied upon as conclusive evidence that the domestic or foreign corporation is in existence or is authorized to transact business in this state.
AR Code § 4-27-128 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-128. Certificate of existence. [Effective May 1, 2021.]

 (a) Anyone may apply to the Secretary of State to furnish a certificate of existence for a domestic corporation or a certificate of authorization for a foreign corporation.  (b) A certificate of existence or authorization sets forth:  (1) the domestic corporation's corporate name or the foreign corporation's corporate name used in this state;  (2) that  (i) the domestic corporation is duly incorporated under the laws of this state, the date of its incorporation, and the period of its duration if less than perpetual; or  (ii) that the foreign corporation is authorized to transact business in this state;    (3) that all fees, taxes, and penalties owed to this state have been paid, if  (i) payment is reflected in the records of the Secretary of State and  (ii) nonpayment affects the existence or authorization of the domestic or foreign corporation;    (4) that its most recent annual franchise tax report required by § 4-27-1622 has been delivered to the Department of Finance and Administration;  (5) that articles of dissolution have not been filed; and  (6) other facts of record in the office of the Secretary of State that may be requested by the applicant.    (c) Subject to any qualification stated in the certificate, a certificate of existence or authorization issued by the Secretary of State may be relied upon as conclusive evidence that the domestic or foreign corporation is in existence or is authorized to transact business in this state.
AR Code § 4-27-129 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part B - : Filing Documents|§ 4-27-129. Penalty for signing false document

 (a) A person commits an offense if he signs a document he knows is false in any material respect with intent that the document be delivered to the Secretary of State for filing.  (b) An offense under this section is a Class C misdemeanor.
AR Code § 4-27-130 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 1 - General Provisions|Part C - : Secretary of State|§ 4-27-130. Powers

 The Secretary of State has the power reasonably necessary to perform the duties required of him by this chapter.