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~~Act~~ ~~603~~ of ~~the~~ ~~Regular~~ ~~Session~~ State ofArkansas 95th GeneralAssembly ABill Regular Session, 2025 HOUSE BILL 1736 5 By:

State ofArkansas 95th GeneralAssembly ABill Regular Session, 2025 HOUSE BILL 1736 5 By:

(a) Except as otherwise provided in subsection (b) subsections (b) and (g), a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license, or franchise, and which term prohibits, restricts, or requires the consent of the person obligated on the promissory note or the account debtor to, the assignment or transfer of, or creation, attachment, or perfection of a security interest in, the 03/10/2025 5:55:12 ~~PMANS151~~ HB1736 promissory note, health-care-insurance receivable, or general intangible, is ineffective to the extent that the term:

(a) Except as otherwise provided in subsection (b) subsections (b) and (g), a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license, or franchise, and which term prohibits, restricts, or requires the consent of the person obligated on the promissory note or the account debtor to, the assignment or transfer of, or creation, attachment, or perfection of a security interest in, the 03/10/2025 5:55:12 PM ANS151 HB1736 promissory note, health-care-insurance receivable, or general intangible, is ineffective to the extent that the term:

~~APPROVED:~~

3 03/10/2025 5:55:12 PM ANS151

~~4/14/25 03/10/2025 5:55:12 PMANS151 HB1736 4 03/10/2025 5:55:12 PMANS151~~