Browse Arkansas Code titles and sections
15-4-1207. Liability of directors, officers, managers, and members.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-1207. Liability of directors, officers, managers, and members.
The directors and officers of a corporation organized under the provisions of this subchapter and the managers and members of a limited liability company organized under the provisions of this subchapter shall not be responsible for losses of assets of the company unless the losses shall have been occasioned by the willful misconduct of such directors, officers, managers, or members.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-1207
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-4-1207
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d226f7a3b4eab4f6a69c68a8b378c00e4813e84b4ffacb381fa6a3970e3d25b1
Source location: content.xml paragraph 2750
Stored source content
15-4-1207. Liability of directors, officers, managers, and members.
The directors and officers of a corporation organized under the provisions of this subchapter and the managers and members of a limited liability company organized under the provisions of this subchapter shall not be responsible for losses of assets of the company unless the losses shall have been occasioned by the willful misconduct of such directors, officers, managers, or members.
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