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4-28-618. Duties of member.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-28-618. Duties of member.
(a) A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.
(b) A member shall discharge the duties to the unincorporated nonprofit association and the other members and exercise any rights under this subchapter consistent with the governing principles and the obligation of good faith and fair dealing.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-28-618
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:4-28-618
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 66563aaad7c9dff0c453e5c99a49ff1cc5f18f4027afbec94cd1637663627984
Source location: content.xml paragraph 19476
Stored source content
4-28-618. Duties of member.
(a) A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.
(b) A member shall discharge the duties to the unincorporated nonprofit association and the other members and exercise any rights under this subchapter consistent with the governing principles and the obligation of good faith and fair dealing.
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