Arkansas Statutes
§ 15-4-1207 — Liability of directors, officers, managers, and members
Arkansas § 15-4-1207
JurisdictionArkansas
Title15
This text of Arkansas § 15-4-1207 (Liability of directors, officers, managers, and members) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 15-4-1207 (2026).
Text
The directors and officers of a corporation organized under the provisions of this subchapter and the managers and members of a limited liability company organized under the provisions of this subchapter shall not be responsible for losses of assets of the company unless the losses shall have been occasioned by the willful misconduct of such directors, officers, managers, or members.
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Legislative History
Acts 1991, No. 1029, § 14; 1999, No. 37, § 6.
Nearby Sections
15
§ 15-1-101
Economic Advisor§ 15-10-201
Title§ 15-10-202
Declaration of policy§ 15-10-203
Arkansas Energy Office - Creation§ 15-10-204
Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
Definitions§ 15-10-303
License or permit requirement§ 15-10-304
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Bluebook (online)
Arkansas § 15-4-1207, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-4-1207.