Arkansas Statutes
§ 4-27-622 — Liability of shareholders
Arkansas·Title 4
(a)A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration, fixed as provided by law, for which the shares were issued or were to be issued.
(b)Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that he may become personally liable by reason of his own acts or conduct.
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Related
Retro Television Network, Inc. v. Luken Communications, LLC
696 F.3d 766 (Eighth Circuit, 2012)
Scott v. Central Arkansas Nursing Centers, Inc.
278 S.W.3d 587 (Court of Appeals of Arkansas, 2008)
Jones v. Ipawn Rodney Parham, LLC
364 F. Supp. 3d 953 (E.D. Arkansas, 2019)
Legislative History
Acts 1987, No. 958, § 64-607.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions