(a) Any foreign party who acquires agricultural land by enforcement of a lien resulting from a transaction occurring after April 19, 1979, shall, within sixty (60) days of the acquisition, register the ownership as required in this chapter.
(b) In the event of failure to register as required in this chapter, proceedings under § 2-3-106 or § 2-3-107 shall be commenced.
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