Arkansas Statutes
§ 4-38-108 — Nature, purpose, and duration of limited liability company
Arkansas § 4-38-108
JurisdictionArkansas
Title4
This text of Arkansas § 4-38-108 (Nature, purpose, and duration of limited liability company) 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. § 4-38-108 (2026).
Text
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
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
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-38-108, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-38-108.