A limited liability company engaged in the practice of law, as a part of the practice of law, may act as an executor, trustee, or administrator of an estate, guardian for an infant, or in any other fiduciary capacity. Any member, employee of a member, manager, employee, or agent of a limited liability company engaged in the practice of law who is duly licensed as an attorney in this state may perform necessary fiduciary responsibilities on behalf of the limited liability company.
Ark. Code Ann. § 4-32-307
Limited liability company may qualify as executor or administrator, or in other fiduciary capacity
Known as the Small Business Entity Tax Pass Through Act
The act spans §§ 4–4 (91 sections).
Applied in 1 court decision — leading case Caroline Lasiter v. Newland & Associates, Pllc (2025)
Most recently applied in Caroline Lasiter v. Newland & Associates, Pllc (June 2025)
Acts 1993, No. 1003, § 307.
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.