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116.00.2-4.00. General

AR ADC 116.00.2-4.00Arkansas Administrative Code

West's Arkansas Administrative Code
Title 116. Secretary of State
Division 00
Rule 2. Central Filing with the Secretary of State for Agricultural Liens and Farm-Related Security Interests - Transition
Ark. Admin. Code 116.00.2-4.00
116.00.2-4.00. General
4.01 Except as provided in section 4.02 of this rule, beginning January 1, 2010 the filing office for a financing statement, a termination statement, amendment statement or a continuation statement to extend the effectiveness of a financing statement, if the debtor is engaged in farming operations and the collateral described in a financing statement is an agricultural lien or a security interest in equipment used in farming operations, farm products, or accounts arising from the sale of farm products, will be the office of the Secretary of State.
4.02 Beginning January 1, 2012 the filing office for a financing statement, a termination statement, amendment statement or a continuation statement to extend the effectiveness of a financing statement, if the debtor is engaged in farming operations and the collateral described in a financing statement is a farm-stored commodity financed by a loan through the Commodity Credit Corporation of the United States Department of Agriculture, will be the office of the Secretary of State.
4.03 A financing statement, amendment statement or a continuation statement to extend the effectiveness of a financing statement filed in the office of Circuit Clerk, if the debtor is engaged in farming operations and the collateral described in the financing statement is an agricultural lien or a security interest in equipment used in farming operations, farm products, or accounts arising from the sale of farm products will remain effective until it reaches its lapse date.

Credits

Adopted Jan. 1, 2010.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 116.00.2-4.00, AR ADC 116.00.2-4.00
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