{"data":{"id":"us-ar/ark.-code-ann.-4-38-803","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-38-803","heading":"Proper plaintiff","body":"A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:\n\n(1) was a member when the conduct giving rise to the action occurred; or\n\n(2) whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.","path":["AR Code","Title 4","Chapter 38","Subchapter 8"],"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":"7dd050011ed54c7d5b14ff726b808a11e9acca5e7c359560ceb1d341cbd278e4","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-38-802","next":"us-ar/ark.-code-ann.-4-38-804"},"notice":"GroundRules: Original legal text. Not legal advice."}