Arkansas became the latest state to enact the 2010 Amendments to UCC Article 9. The governor approved and returned Senate Bill 219 on February 20, 2013. The new law adopts the Alternative A “Only If” approach for individual debtor name sufficiency in § 9-503(a)(4), provides the text of the new form fields in § 9-521 and follows the uniform effective date of July 1, 2013.
CSC will continue to track all UCC Article 9 legislation and provide update of any significant developments. Additional resources on the 2010 Amendments to UCC Article 9, including legislative status charts, are available at http://csctransactionwatch.com/amendments/.
If you have questions or need more information on Article 9 legislation, please contact Paul Hodnefield, Associate General Counsel, at email@example.com or 800-927-9801, ext. 62375.