Arkansas Code Title 4, Subtitle 3, Chapter 33, Subchapter 6, Part B - Types of Memberships -- Members' Rights and Obligations

• § 4-33-610 - Differences in Rights and Obligations of Members.
  All members shall have the same rights and obligations with respect to voting, dissolution, redemption and transfer, unless the articles or bylaws establish classes...
• § 4-33-611 - Transfers.
  (a) Except as set forth in or authorized by the articles or bylaws, no member of a mutual benefit corporation may transfer a membership...
• § 4-33-612 - Member's Liability to Third Parties.
  A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.
• § 4-33-613 - Member's Liability for Dues, Assessments and Fees.
  A member may become liable to the corporation for dues, assessments or fees; provided, however, that an article or bylaw provision or a resolution...
• § 4-33-614 - Creditor's Action Against Member.
  (a) No proceeding may be brought by a creditor to reach the liability, if any, of a member to the corporation unless final judgment...
• § 4-33-615 -- 4-33-619 - [Reserved.]

Last modified: November 15, 2016