Arkansas Statutes
§ 4-38-108 — Nature, purpose, and duration of limited liability company
Arkansas·Title 4
(a)A limited liability company is an entity distinct from its member or members.
(b)A limited liability company may have any lawful purpose, regardless of whether for profit.
(c)A limited liability company has perpetual duration.
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Legislative History
Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.
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