(a) Proceeds from the sale shall be applied to satisfy the lien, and any surplus shall be disbursed as provided in subsection (b) of this section.
(b) If a sale is held under this subchapter, the operator shall:
(1) Satisfy the lien from the proceeds of the sale; and
(2) Hold the balance, if any, for delivery on demand to the occupant or any other recorded lienholders. If demand is not made within two (2) years after the date of the sale, the surplus shall escheat to the county.
Structure Arkansas Code
Chapter 16 - Landlord and Tenant
Subchapter 4 - Self-Service Storage Facilities
§ 18-16-402. Operator's lien on stored property
§ 18-16-403. Use for residential purposes
§ 18-16-405. Access to leased space — Care of property
§ 18-16-406. Default — Right to sell or remove property
§ 18-16-407. Sale and removal procedure
§ 18-16-408. Disposition of sale proceeds
§ 18-16-409. Notices — Method of delivery
§ 18-16-410. Limits on value of stored property
§ 18-16-411. Conditions and limitations for imposing late fees