A person has “knowledge” of a fact within the meaning of this chapter not only when he or she has actual knowledge thereof, but also when he or she has knowledge of such other facts as in the circumstances shows bad faith.
Ark. Code Ann. § 4-32-1303
Definition of knowledge
Known as the Small Business Entity Tax Pass Through Act
The act spans §§ 4–4 (91 sections).
Acts 1993, No. 1003, § 1309.
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.