Arkansas § 4-38-901 Governing law

Arkansas Statutes

§ 4-38-901 — Governing law

Arkansas § 4-38-901

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This text of Arkansas § 4-38-901 (Governing law) 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. § 4-38-901 (2026).

Text

(a)The law of the jurisdiction of formation of a foreign limited liability company governs:

(1)the internal affairs of the company;

(2)the liability of a member as member and a manager as manager for a debt, obligation, or other liability of the company; and (3) the liability of a series of the company.

(b)A foreign limited liability company is not precluded from registering to do business in this state because of any difference between the law of its jurisdiction of formation and the law of this state.

(c)Registration of a foreign limited liability company to do business in this state does not authorize the foreign company to engage in any activities and affairs or exercise any power that a limited liability company may not engage in or exercise in this state.

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(a) The law of the jurisdiction of formation of a foreign limited liability company governs: (1) the internal affairs of the company; (2) the liability of a member as member and a manager as manager for a debt, obligation, or other liability of the company; and (3) the liability of a series of the company. (b) A foreign limited liability company is not precluded from registering to do business in this state because of any difference between the law of its jurisdiction of formation and the law of this state. (c) Registration of a foreign limited liability company to do business in this state does not authorize the foreign company to engage in any activities and affairs or exercise any power that a limited liability company may not engage in or exercise in this state.