The bill amends various sections of the Arkansas Uniform Commercial Code (UCC) to modernize and clarify legal language related to commercial transactions, particularly in the context of electronic records and digital assets. Key changes include the introduction of new definitions such as "electronic" and "Hybrid Transaction," which broadens the scope of acceptable documentation by replacing "writing" with "record." The bill also specifies that contracts for the sale of goods priced at $500 or more must be documented in a signed record, and it clarifies the enforceability of lease contracts. Additionally, the bill updates the terminology regarding the waiver of claims, changing "authenticated" to "signed," and introduces provisions for the control of controllable electronic records, accounts, and payment intangibles.

Furthermore, the bill establishes a new chapter on controllable electronic records, outlining the rights and responsibilities associated with these records and ensuring that transactions involving electronic accounts and payment intangibles are clearly defined. It sets a new adjustment date of September 1, 2026, for the perfection and enforceability of security interests, allowing unperfected interests to remain enforceable until that date. The amendments aim to enhance clarity, flexibility, and consistency in the legal framework governing secured transactions, ensuring that Arkansas's UCC aligns with contemporary business practices and technological advancements.

Statutes affected:
Old version HB1746 V2 - 4-9-2025 03:37 PM: 4-1-201(b), 4-1-204, 4-1-301, 4-2-402, 4-4-102, 04-09-2025, 4-5-116, 4-9-301, 4-9-307, 4-12-107, 4-1-306, 4-2-102, 4-2-106, 4-2-401, 4-2-201, 4-2-606, 4-2-202, 4-1-303, 4-2-203, 4-2-205, 4-2-209(2), 4-3-104(a), 4-3-105(a), 4-3-401, 4-3-402, 4-3-604, 4-5-104, 4-5-108(e), 4-5-103(c), 4-7-102(a), 4-7-106, 4-8-102(a), 4-8-102(b), 4-8-103, 4-8-106(d), 4-8-106, 4-8-110, 4-8-303(b), 4-9-102, 18-41-101, 18-41-103, 4-12-105, 4-7-201(b), 4-9-519(a), 4-9-501, 4-9-502(a), 4-9-105, 4-9-203(d), 4-9-310(c), 4-9-609(b), 4-9-620, 4-9-621, 4-9-622, 4-2-505, 4-2-711(3), 4-4-210, 4-5-118, 4-5-102, 4-8-102, 4-3-104, 4-12-102, 4-4-104, 4-3-302, 4-8-201, 4-7-102, 4-2-104, 4-5-114, 4-8-303, 4-3-103, 4-8-501, 4-11-102, 4-9-104(a), 4-9-203(b), 4-9-204, 4-9-315(a), 4-9-336(c), 4-9-207(c), 4-9-208(b), 4-9-209(b), 4-9-210, 4-9-303, 4-9-306, 4-9-304(a), 4-9-305(a), 4-9-310(b), 4-9-312, 4-9-315(c), 4-9-314, 4-9-308(d), 4-9-313, 4-9-313(a), 4-9-313(c), 4-9-313(d), 4-9-104, 4-9-106, 4-9-107, 4-9-316(a), 4-9-316(f), 4-9-317, 4-9-322, 4-9-320, 4-9-321, 4-9-323(d), 4-9-323(f), 4-9-324(b), 4-9-324(d), 4-9-330, 4-9-327, 4-9-331(a), 4-9-331, 4-9-332, 4-9-334(f), 4-9-341, 4-9-340(c), 4-9-404(a), 4-9-406, 4-9-407, 11-9-110(a), 4-9-408, 4-9-509(a), 4-9-513(b), 4-9-601(b), 4-9-605, 4-9-608(a), 4-9-611, 4-9-610, 4-9-311(a), 4-9-613, 4-9-614(3), 4-9-614(a), 4-9-614(b), 4-9-614, 4-9-613(1), 4-9-623, 4-9-615(a), 4-9-616(a), 4-9-619(a), 4-9-624, 4-9-621(a)
Old version HB1746 Original - 3-11-2025 04:46 PM: 4-1-201(b), 4-1-204, 4-1-301, 4-2-402, 4-4-102, 4-5-116, 4-9-301, 4-9-307, 4-12-107, 4-1-306, 4-2-102, 4-2-106, 4-2-401, 4-2-201, 4-2-606, 4-2-202, 4-1-303, 4-2-203, 4-2-205, 4-2-209(2), 4-3-104(a), 4-3-105(a), 4-3-401, 4-3-402, 4-3-604, 4-5-104, 4-5-108(e), 4-5-103(c), 4-7-102(a), 4-7-106, 4-8-102(a), 4-8-102(b), 4-8-103, 4-8-106(d), 4-8-106, 4-8-110, 4-8-303(b), 4-9-102, 18-41-101, 18-41-103, 4-12-105, 4-7-201(b), 4-9-519(a), 4-9-501, 4-9-502(a), 4-9-105, 4-9-203(d), 4-9-310(c), 4-9-609(b), 4-9-620, 4-9-621, 4-9-622, 4-2-505, 4-2-711(3), 4-4-210, 4-5-118, 4-5-102, 4-8-102, 4-3-104, 4-12-102, 4-4-104, 4-3-302, 4-8-201, 4-7-102, 4-2-104, 4-5-114, 4-8-303, 4-3-103, 4-8-501, 4-11-102, 4-9-104(a), 4-9-203(b), 4-9-204, 4-9-315(a), 4-9-336(c), 4-9-207(c), 4-9-208(b), 4-9-209(b), 4-9-210, 4-9-303, 4-9-306, 4-9-304(a), 4-9-305(a), 4-9-310(b), 4-9-312, 4-9-315(c), 4-9-314, 4-9-308(d), 4-9-313, 4-9-313(a), 4-9-313(c), 4-9-313(d), 4-9-104, 4-9-106, 4-9-107, 4-9-316(a), 4-9-316(f), 4-9-317, 4-9-322, 4-9-320, 4-9-321, 4-9-323(d), 4-9-323(f), 4-9-324(b), 4-9-324(d), 4-9-330, 4-9-327, 4-9-331(a), 4-9-331, 4-9-332, 4-9-334(f), 4-9-341, 4-9-340(c), 4-9-404(a), 4-9-406, 4-9-407, 11-9-110(a), 4-9-408, 4-9-509(a), 4-9-513(b), 4-9-601(b), 4-9-605, 4-9-608(a), 4-9-611, 4-9-610, 4-9-311(a), 4-9-613, 4-9-614(3), 4-9-614(a), 4-9-614(b), 4-9-614, 4-9-613(1), 4-9-623, 4-9-615(a), 4-9-616(a), 4-9-619(a), 4-9-624, 4-9-621(a)
HB 1746: 4-1-201(b), 4-1-204, 4-1-301, 4-2-402, 4-4-102, 4-5-116, 4-9-301, 4-9-307, 4-12-107, 4-1-306, 4-2-102, 4-2-106, 4-2-401, 4-2-201, 4-2-606, 4-2-202, 4-1-303, 4-2-203, 4-2-205, 4-2-209(2), 4-3-104(a), 4-3-105(a), 4-3-401, 4-3-402, 4-3-604, 4-5-104, 4-5-108(e), 4-5-103(c), 4-7-102(a), 4-7-106, 4-8-102(a), 4-8-102(b), 4-8-103, 4-8-106(d), 4-8-106, 4-8-110, 4-8-303(b), 4-9-102, 18-41-101, 18-41-103, 4-12-105, 4-7-201(b), 4-9-519(a), 4-9-501, 4-9-502(a), 4-9-105, 4-9-203(d), 4-9-310(c), 4-9-609(b), 4-9-620, 4-9-621, 4-9-622, 4-2-505, 4-2-711(3), 4-4-210, 4-5-118, 4-5-102, 4-8-102, 4-3-104, 4-12-102, 4-4-104, 4-3-302, 4-8-201, 4-7-102, 4-2-104, 4-5-114, 4-8-303, 4-3-103, 4-8-501, 4-11-102, 4-9-104(a), 4-9-203(b), 4-9-204, 4-9-315(a), 4-9-336(c), 4-9-207(c), 4-9-208(b), 4-9-209(b), 4-9-210, 4-9-303, 4-9-306, 4-9-304(a), 4-9-305(a), 4-9-310(b), 4-9-312, 4-9-315(c), 4-9-314, 4-9-308(d), 4-9-313, 4-9-313(a), 4-9-313(c), 4-9-313(d), 4-9-104, 4-9-106, 4-9-107, 4-9-316(a), 4-9-316(f), 4-9-317, 4-9-322, 4-9-320, 4-9-321, 4-9-323(d), 4-9-323(f), 4-9-324(b), 4-9-324(d), 4-9-330, 4-9-327, 4-9-331(a), 4-9-331, 4-9-332, 4-9-334(f), 4-9-341, 4-9-340(c), 4-9-404(a), 4-9-406, 4-9-407, 11-9-110(a), 4-9-408, 4-9-509(a), 4-9-513(b), 4-9-601(b), 4-9-605, 4-9-608(a), 4-9-611, 4-9-610, 4-9-311(a), 4-9-613, 4-9-614(3), 4-9-614(a), 4-9-614(b), 4-9-614, 4-9-613(1), 4-9-623, 4-9-615(a), 4-9-616(a), 4-9-619(a), 4-9-624, 4-9-621(a)
Act 997: 4-1-201(b), 4-1-204, 4-1-301, 4-2-402, 4-4-102, 04-09-2025, 4-5-116, 4-9-301, 4-9-307, 4-12-107, 4-1-306, 4-2-102, 4-2-106, 4-2-401, 4-2-201, 4-2-606, 4-2-202, 4-1-303, 4-2-203, 4-2-205, 4-2-209(2), 4-3-104(a), 4-3-105(a), 4-3-401, 4-3-402, 4-3-604, 4-5-104, 4-5-108(e), 4-5-103(c), 4-7-102(a), 4-7-106, 4-8-102(a), 4-8-102(b), 4-8-103, 4-8-106(d), 4-8-106, 4-8-110, 4-8-303(b), 4-9-102, 18-41-101, 18-41-103, 4-12-105, 4-7-201(b), 4-9-519(a), 4-9-501, 4-9-502(a), 4-9-105, 4-9-203(d), 4-9-310(c), 4-9-609(b), 4-9-620, 4-9-621, 4-9-622, 4-2-505, 4-2-711(3), 4-4-210, 4-5-118, 4-5-102, 4-8-102, 4-3-104, 4-12-102, 4-4-104, 4-3-302, 4-8-201, 4-7-102, 4-2-104, 4-5-114, 4-8-303, 4-3-103, 4-8-501, 4-11-102, 4-9-104(a), 4-9-203(b), 4-9-204, 4-9-315(a), 4-9-336(c), 4-9-207(c), 4-9-208(b), 4-9-209(b), 4-9-210, 4-9-303, 4-9-306, 4-9-304(a), 4-9-305(a), 4-9-310(b), 4-9-312, 4-9-315(c), 4-9-314, 4-9-308(d), 4-9-313, 4-9-313(a), 4-9-313(c), 4-9-313(d), 4-9-104, 4-9-106, 4-9-107, 4-9-316(a), 4-9-316(f), 4-9-317, 4-9-322, 4-9-320, 4-9-321, 4-9-323(d), 4-9-323(f), 4-9-324(b), 4-9-324(d), 4-9-330, 4-9-327, 4-9-331(a), 4-9-331, 4-9-332, 4-9-334(f), 4-9-341, 4-9-340(c), 4-9-404(a), 4-9-406, 4-9-407, 11-9-110(a), 4-9-408, 4-9-509(a), 4-9-513(b), 4-9-601(b), 4-9-605, 4-9-608(a), 4-9-611, 4-9-610, 4-9-311(a), 4-9-613, 4-9-614(3), 4-9-614(a), 4-9-614(b), 4-9-614, 4-9-613(1), 4-9-623, 4-9-615(a), 4-9-616(a), 4-9-619(a), 4-9-624, 4-9-621(a)