Arkansas Statutes
§ 4-38-301 — No agency power of member as member
Arkansas·Title 4
(a)A member is not an agent of a limited liability company solely by reason of being a member.
(b)A person's status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited liability company because of the person's conduct.
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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