Arkansas Code Title 4, Subtitle 3, Chapter 32, Subchapter 7 - Ownership and Transfer of Property

• § 4-32-701 - Ownership of Limited Liability Company Property.
  (a) Property transferred to or otherwise acquired by a limited liability company is property of the limited liability company and not of the members...
• § 4-32-702 - Transfer of Real Property.
  (a) If the articles of organization do not provide that management is vested in a manager or managers, then property of the limited liability...
• § 4-32-703 - Nature of Limited Liability Company Interest.
  A limited liability company interest is personal property.
• § 4-32-704 - Assignment of Interest.
  (a) Unless otherwise provided in writing in an operating agreement: (1) A limited liability company interest is assignable in whole or in part; (2)...
• § 4-32-705 - Rights of Judgment Creditor.
  On application to a court of competent jurisdiction by any judgment creditor of a member, the court may charge the member's limited liability company...
• § 4-32-706 - Right of Assignee to Become a Member.
  (a) Unless otherwise provided in writing in an operating agreement, an assignee of a limited liability company interest may become a member only if...
• § 4-32-707 - Powers of Estate of a Deceased or Incompetent Member.
  If a member who is an individual dies or a court of competent jurisdiction adjudges the member to be incompetent to manage his person...

Last modified: November 15, 2016