Public-domain · open source
OpenJurist

Ark. Code Ann. § 4-28-618

Duties of member

Acts 2011, No. 202, § 2.

(1) A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.

(2) 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.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.