{"data":{"id":"us-ar/ark.-code-ann.-4-37-401","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-37-401","heading":"Limitations on liability","body":"(a) A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of: (1) a protected series of a series limited liability company solely by reason of being or acting as: (A) an associated member, series manager, or protected-series transferee of the protected series; or (B) a member, manager, or a transferee of the company; or (2) a series limited liability company solely by reason of being or acting as an associated member, protected-series manager, or protected-series transferee of a protected series of the company. (b) Subject to § 4-37-404 , the following rules apply: (1) A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the company. (2) A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series. (3) A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the company solely by reason of the protected series being a protected series of the company or the company: (A) being or acting as a protected-series manager of the protected series; (B) having the protected series manage the company; or (C) owning a protected-series transferable interest of the protected series. (4) A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company or another protected series of the company solely by reason of: (A) being a protected series of the company; (B) being or acting as a manager of the company or a protected-series manager of another protected series of the company; or (C) having the company or another protected series of the company be or act as a protected-series manager of the protected series. Added by Act 2019, No. 665,§ 1, eff. 7/24/2019.\n\n(a) A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of: (1) a protected series of a series limited liability company solely by reason of being or acting as: (A) an associated member, series manager, or protected-series transferee of the protected series; or (B) a member, manager, or a transferee of the company; or (2) a series limited liability company solely by reason of being or acting as an associated member, protected-series manager, or protected-series transferee of a protected series of the company.\n\n(1) a protected series of a series limited liability company solely by reason of being or acting as: (A) an associated member, series manager, or protected-series transferee of the protected series; or (B) a member, manager, or a transferee of the company; or\n\n(A) an associated member, series manager, or protected-series transferee of the protected series; or\n\n(B) a member, manager, or a transferee of the company; or\n\n(2) a series limited liability company solely by reason of being or acting as an associated member, protected-series manager, or protected-series transferee of a protected series of the company.\nmanager, or a transferee of the company; or\n\n(A) an associated member, series manager, or protected-series transferee of the protected series; or\n\n(B) a member, manager, or a transferee of the company; or\n\n(2) a series limited liability company solely by reason of being or acting as an associated member, protected-series manager, or protected-series transferee of a protected series of the company.\n\n(b) Subject to § 4-37-404 , the following rules apply: (1) A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the company. (2) A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series. (3) A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the company solely by reason of the protected series being a protected series of the company or the company: (A) being or acting as a protected-series manager of the protected series; (B) having the protected series manage the company; or (C) owning a protected-series transferable interest of the protected series. (4) A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company or another protected series of the company solely by reason of: (A) being a protected series of the company; (B) being or acting as a manager of the company or a protected-series manager of another protected series of the company; or (C) having the company or another protected series of the company be or act as a protected-series manager of the protected series.\n\n(1) A debt, obligation, or other liability of a series limited liability company is solely the debt, obligation, or liability of the company.\n\n(2) A debt, obligation, or other liability of a protected series is solely the debt, obligation, or liability of the protected series.\n\n(3) A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of a protected series of the company solely by reason of the protected series being a protected series of the company or the company: (A) being or acting as a protected-series manager of the protected series; (B) having the protected series manage the company; or (C) owning a protected-series transferable interest of the protected series.\n\n(A) being or acting as a protected-series manager of the protected series;\n\n(B) having the protected series manage the company; or\n\n(C) owning a protected-series transferable interest of the protected series.\n\n(4) A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company or another protected series of the company solely by reason of: (A) being a protected series of the company; (B) being or acting as a manager of the company or a protected-series manager of another protected series of the company; or (C) having the company or another protected series of the company be or act as a protected-series manager of the protected series.\n\n(A) being a protected series of the company;\n\n(B) being or acting as a manager of the company or a protected-series manager of another protected series of the company; or\n\n(C) having the company or another protected series of the company be or act as a protected-series manager of the protected series.","path":["AR Code","Title 4","Chapter 37","Subchapter 4"],"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":"0e1dfb54e207f69cc2a8af86faa63907adbbf2bafa83c3a742b4dffc5f93b7d6","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-37-305","next":"us-ar/ark.-code-ann.-4-37-402"},"notice":"GroundRules: Original legal text. Not legal advice."}