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2017 Arkansas Code
Title 16 - Practice, Procedure, and Courts
Subtitle 5 - Civil Procedure Generally
Chapter 56 - Limitation of Actions
Subchapter 1 - General Provisions
§ 16-56-107. Enforcement of security interest in livestock
Universal Citation: AR Code § 16-56-107 (2017)
- (a) No action to enforce a security interest in livestock shall be brought against a livestock auction market or selling agent who, in the ordinary course of business, sells the livestock for another person in a public auction, more than eighteen (18) months after the date of the sale.
- (b) No action to enforce a security interest in livestock against a buyer in the ordinary course of business shall be brought more than eighteen (18) months after the livestock is sold to the buyer.
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