Arkansas · Snapshot Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended

Ark. Code Ann. § 4-32-302: Admissions by members and managers.

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Where this section sits in the code

Title 4 Business and Commercial Law
Subtitle 3. Corporations and Associations
Chapter 32 Small Business Entity Tax Pass Through Act
Subchapter 3 — Relations of Members and Managers to Persons Dealing with the Limited Liability Company

(a) Except as provided in subsection (b) of this section, an admission or representation made by any member concerning the business or affairs of a limited liability company within the scope of his or her authority as provided for by this chapter is evidence against the limited liability company.

(b) If the articles of organization provide that management of the limited liability company is vested in a manager or managers:

(1) An admission or representation made by a manager concerning the business or affairs of a limited liability company within the scope of the manager's authority as provided for by this chapter is evidence against the limited liability company; and

(2) The admission or representation of any member, acting solely in the capacity of a member, shall not constitute evidence against the limited liability company.

Collected 2026-09-17T21:07:03Z. Source file · JSON

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