{"data":{"id":"us-ar/ark.-code-ann.-4-38-304","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-38-304","heading":"Liability of members and managers","body":"(a) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. A member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company solely by reason of being or acting as a member or manager. This subsection applies regardless of the dissolution of the company.\n\n(b) The failure of a limited liability company to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a member or manager for a debt, obligation, or other liability of the company.","path":["AR Code","Title 4","Chapter 38","Subchapter 3"],"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":"2bf7825371bd7efcc329181d4196b18948056ebd1a317c019d2fecbe11c1851a","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-38-303","next":"us-ar/ark.-code-ann.-4-38-401"},"notice":"GroundRules: Original legal text. Not legal advice."}