Arkansas Code Title 4, Subtitle 3, Chapter 32, Subchapter 3 - Relations of Members and Managers to Persons Dealing With the Limited Liability Company

• § 4-32-301 - Agency Power of Members and Managers.
  (a) Except as provided in subsection (b) of this section, every member is an agent of the limited liability company for the purpose of...
• § 4-32-302 - Admissions by Members and Managers.
  (a) Except as provided in subsection (b) of this section, an admission or representation made by any member concerning the business or affairs of...
• § 4-32-303 - Limited Liability Company Charged With Knowledge of or Notice to Member or Manager.
  (a) Except as provided in subsection (b) of this section, notice to any member of any matter relating to the business or affairs of...
• § 4-32-304 - Liability of Members to Third Parties.
  Except for the personal liability for acts or omissions of those providing professional service as set forth in § 4-32-308, a person who is...
• § 4-32-305 - Parties to Actions.
  A member of a limited liability company is not a proper party to a proceeding by or against a limited liability company, by reason...
• § 4-32-306 - Limited Liability Company May Render Professional Service -- Nonprofessional Employees and Agents -- Members and Managers Need Not Be Employees, Etc.
  No limited liability company organized under this chapter may render professional service within this state except through its members, employees of its members, managers,...
• § 4-32-307 - Limited Liability Company May Qualify As Executor or Administrator, or in Other Fiduciary Capacity.
  A limited liability company engaged in the practice of law, as a part of the practice of law, may act as an executor, trustee,...
• § 4-32-308 - Professional Relationship -- Personal Liability.
  All individuals rendering professional service may be personally liable for any results of that individual's acts or omissions. No member, employee of a member,...
• § 4-32-309 - Liability of Limited Liability Company to Third Parties.
  Notwithstanding the limitations on liability contained in this subchapter for members and managers, a limited liability company shall be liable to third parties for...

Last modified: November 15, 2016