Any foreign party shall have the right to make loans of money and to take and accept mortgages or other security interests upon agricultural land in Arkansas to secure the payment of loans. The foreign party may acquire fee ownership of the land upon a foreclosure or other legal enforcement of the security interest, provided the foreign party acquiring ownership registers the ownership as required in this chapter.
Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 3 - Arkansas Agricultural Foreign Investment
§ 2-3-103. Registration of foreign interest in agricultural land
§ 2-3-104. Right to security interests
§ 2-3-105. Land acquired by lien
§ 2-3-106. Proceedings upon failure to register
§ 2-3-107. Private right of enforcement
§ 2-3-108. Exceptions generally
§ 2-3-109. Rights in nonfarm lands
§ 2-3-110. Agricultural land used for nonfarming purposes and mineral leases