§ 17-50-406 - Sale of forfeited property. - Arkansas Statutes

17-50-406. Sale of forfeited property.

If a law enforcement agency desires to sell property forfeited to it under 17-50-404, the law enforcement agency shall:

(1) Publish at least two (2) times a week for two (2) consecutive weeks in a newspaper having general circulation in the county notice of the sale, including the time, place, conditions of the sale, and a description of the property to be sold;

(2) Send a copy of the notice of the sale to each person having ownership of or a security interest in the property by certified mail, return receipt requested, or in the manner provided in Rule 4 of the Arkansas Rules of Civil Procedure if:

(A) The property is of a type for which title or registration is required by law;

(B) The owner of the property is known in fact to the law enforcement agency at the time of seizure; or

(C) The property is subject to a security interest perfected in accordance with the Uniform Commercial Code, 4-1-101 et seq.; and

(3) Dispose of the property at public auction to the highest bidder for cash without appraisal.