Document Type
Article
Publication Date
8-12-2021
Keywords
Limited liability companies, LLC, Arkansas, statute, certificate of organization, members
Abstract
This past legislative session Senate Bill 601, sponsored by Senator Jonathan Dismang, was enacted into law, becoming Ark. Act 1041 on April 30, 2021. This act repeals the old LLC Act and adopts the Uniform Limited Liability Company Act (“ULLCA”), with minimal changes from the uniform language. This short piece points out some basic information about the Arkansas ULLCA and some of the major changes in Arkansas law applicable to LLCs. While lawyers will obviously need to consult the new statute when actual issues arise, this article should at least provide a “heads up” notice to practitioners with LLCs or their members and managers as clients.
Citation
Goforth, C. (2021). Heads up! Arkansas has a new LLC Act. Arkansas Law Notes. Retrieved from https://scholarworks.uark.edu/arlnlaw/7
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