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4-32-1304. Rules of construction.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-32-1304. Rules of construction.
(a) It is the policy of this chapter to give maximum effect to the principle of freedom of contract and to the enforceability of operating agreements.
(b) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.
(c) Rules that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.
(d) Neither this chapter nor any amendment of this chapter shall be construed so as to impair the obligations of any contract existing when the chapter or amendment goes into effect, nor to affect any action or proceedings begun or right accrued before the chapter or amendment takes effect.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-32-1304
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:4-32-1304
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f00989090e21a84440a901d0b9d62b9d786715aa6967041986de0e01c6dfe8e4
Source location: content.xml paragraph 21820
Stored source content
4-32-1304. Rules of construction.
(a) It is the policy of this chapter to give maximum effect to the principle of freedom of contract and to the enforceability of operating agreements.
(b) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.
(c) Rules that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.
(d) Neither this chapter nor any amendment of this chapter shall be construed so as to impair the obligations of any contract existing when the chapter or amendment goes into effect, nor to affect any action or proceedings begun or right accrued before the chapter or amendment takes effect.
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