Notwithstanding the limitations on liability contained in this subchapter for members and managers, a limited liability company shall be liable to third parties for its valid obligations.
Ark. Code Ann. § 4-32-309
Liability of limited liability company to third parties
Known as the Small Business Entity Tax Pass Through Act
The act spans §§ 4–4 (91 sections).
Acts 1993, No. 1003, § 309.
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.