Arkansas § 2-15-309 - Waiver, relinquishment, or release of lien prohibited.
Full text of Arkansas Arkansas Code of 1987 Annotated § 2-15-309 — Waiver, relinquishment, or release of lien prohibited., with citation guidance and answers to common questions.
§ 2-15-309. Waiver, relinquishment, or release of lien prohibited.
A grain, soybean, or peanut owner shall not be required as a condition or term of an agreement to sell or otherwise to: Waive, relinquish, or release an owner's lien or any rights under this subchapter other than upon payment in full of the sales price; or Agree to a provision that would apply the law of a state other than the State of Arkansas with respect to the rights granted under this subchapter. A waiver, relinquishment, release, or provision that violates subdivision (a)(1) of this section is void as a matter of the public policy of this state. A grain, soybean, or peanut owner or a sales agent acting on behalf of a grain, soybean, or peanut owner may waive, relinquish, or release an owner's lien or any rights under this subchapter or agree to a provision that would apply the law of a state other than the State of Arkansas with respect to the rights granted under this subchapter if the first purchaser: Posts a letter of credit in a form and amount satisfactory to the grain, soybean, or peanut owner or sales agent; or Both: Executes a contract that is satisfactory to the grain, soybean, or peanut owner or sales agent to prepay or escrow the sales price under an agreement to sell that is satisfactory to the grain, soybean, or peanut owner; and Performs all of the first purchaser's obligations under the contract.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 2-15-309
What does Arkansas Code of 1987 Annotated § 2-15-309 cover?
Section 2-15-309 ("Waiver, relinquishment, or release of lien prohibited.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 2-15-309?
A common citation format is "Arkansas Code of 1987 Annotated § 2-15-309" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 2-15-309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.