Ark. Code Ann. § 4-38-301

No agency power of member as member

Last amended: 2021Year: 2026Length: 116 wordsSubsections: 2
(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. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021. (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. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.
Ark. Code Ann. § 4-38-301: No agency power of member as member | Justis AI