Enforcement of security interest in livestock

  1. Law
  2. Arkansas Code
  3. Practice, Procedure, And Courts
  4. Civil Procedure Generally
  5. Limitation Of Actions
  6. General Provisions
  7. Enforcement of security interest in livestock

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  1. (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.

  2. (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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