| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | Stricken language would be deleted from and underlined language would be added to present law. | |
| 2 | - | Act 771 of the Regular Session | |
| 3 | - | *ANS470* 04-08-2025 10:54:58 ANS470 | |
| 4 | - | ||
| 5 | - | State of Arkansas As Engrossed: S4/7/25 S4/8/25 1 | |
| 2 | + | *ANS470* 04/01/2025 1:09:40 PM ANS470 | |
| 3 | + | State of Arkansas 1 | |
| 6 | 4 | 95th General Assembly A Bill 2 | |
| 7 | 5 | Regular Session, 2025 SENATE BILL 600 3 | |
| 8 | 6 | 4 | |
| 9 | 7 | By: Senator C. Tucker 5 | |
| 10 | - | ||
| 8 | + | 6 | |
| 11 | 9 | 7 | |
| 12 | 10 | For An Act To Be Entitled 8 | |
| 13 | 11 | AN ACT TO REGULATE CONTRACTS; TO MANDATE CONTRACTUAL 9 | |
| 14 | 12 | PROVISIONS FOR CERTAIN CONTRACTS; TO CLARIFY PROPER 10 | |
| 15 | 13 | JURISDICTION FOR CERTAIN CONTACTS; AND FOR OTHER 11 | |
| 16 | 14 | PURPOSES. 12 | |
| 17 | 15 | 13 | |
| 18 | 16 | 14 | |
| 19 | 17 | Subtitle 15 | |
| 20 | 18 | TO REGULATE CONTRACTS; TO MANDATE 16 | |
| 21 | 19 | CONTRACTUAL PROVISIONS FOR CERTAIN 17 | |
| 22 | 20 | CONTRACTS; AND TO CLARIFY PROPER 18 | |
| 23 | 21 | JURISDICTION FOR CERTAIN CONTACTS. 19 | |
| 24 | 22 | 20 | |
| 25 | 23 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 21 | |
| 26 | 24 | 22 | |
| 27 | 25 | SECTION 1. Arkansas Code Title 4, Chapter 56, Subchapter 1, is amended 23 | |
| 28 | 26 | to add an additional section to read as follows: 24 | |
| 29 | 27 | 4-56-108. Jurisdiction and venue requirements for certain contracts. 25 | |
| 30 | - | ||
| 28 | + | Notwithstanding any contractual provision to the contrary, if an 26 | |
| 31 | 29 | Arkansas resident, while in this state, enters into a contract to purchase or 27 | |
| 32 | - | to finance a purchase of real or personal property in | |
| 33 | - | ||
| 30 | + | to finance a purchase of real or personal property in an amount equal to or 28 | |
| 31 | + | less than one hundred thousand dollars ($100,000), then: 29 | |
| 34 | 32 | (1) Arkansas law governs the transaction; and 30 | |
| 35 | 33 | (2) Any litigation pertaining to a contract described under this 31 | |
| 36 | 34 | section is subject to the jurisdiction of this state. 32 | |
| 37 | - | (b) This section only applies to personal property if the personal 33 | |
| 38 | - | property is used as a dwelling unit in Arkansas. 34 | |
| 39 | - | (c) As used in this section, "resident" means an individual only and 35 | |
| 40 | - | does not include a corporate entity. 36 As Engrossed: S4/7/25 S4/8/25 SB600 | |
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| 42 | - | 2 04-08-2025 10:54:58 ANS470 | |
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| 45 | - | /s/C. Tucker 1 | |
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| 48 | - | APPROVED: 4/17/25 4 | |
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