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Section 4-38-301 - No agency power of member as member — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 3 - Corporations and Associations/
  6. Chapter 38 - Uniform Limited Liability Company Act Sub/
  7. Subchapter 3 - Relations of Members and Managers to Persons Dealing with Limited Liability Company/
  8. Section 4-38-301 - No agency power of member as member
Arkansas Legal Code

Section 4-38-301 - No agency power of member as member

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(a) A member is not an agent of a limited liability company solely by reason of being a member.(b) A person's status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited liability company because of the person's conduct.Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.