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Ark. Code Ann. § 4-29-101

Persons associated with professional corporations — Limitations on personal liability

Applied in 1 court decision — leading case Sturgis v. Skokos (1998)

Most recently applied in Sturgis v. Skokos (November 1998)

Acts 1991, No. 1146, § 1.

(1) No person shall be personally liable for any obligation or liability of any shareholder, director, officer, agent, or employee of a professional corporation solely because the person is a shareholder, director, officer, agent, or employee of the professional corporation.

(2) In addition, no person shall be personally liable for any obligations or liabilities of a professional corporation solely because the person is a shareholder, director, officer, agent, or employee of the professional corporation.

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.