{"data":{"id":"us-ar/ark.-code-ann.-15-4-1207","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-4-1207","heading":"Liability of directors, officers, managers, and members","body":"The directors and officers of a corporation organized under the provisions of this subchapter and the managers and members of a limited liability company organized under the provisions of this subchapter shall not be responsible for losses of assets of the company unless the losses shall have been occasioned by the willful misconduct of such directors, officers, managers, or members.","path":["AR Code","Title 15","Chapter 4","Subchapter 12"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"1a33f261fed42255b4db0e567eebf5a38c10dafc8f183d3ae1e0899d14ef79ca","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-4-1206","next":"us-ar/ark.-code-ann.-15-4-1208"},"notice":"GroundRules: Original legal text. Not legal advice."}