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ARKANSAS STATUTES AND CODES
§ 15-4-1009 - Liability of governing board and officers.
15-4-1009. Liability of governing board and officers.
No member of the governing board and no officer, manager, or other person responsible for carrying out the daily operations of a capital development company shall be responsible for any loss of assets of the company unless the loss was occasioned by the willful misconduct of that person.
No member of the governing board and no officer, manager, or other person responsible for carrying out the daily operations of a capital development company shall be responsible for any loss of assets of the company unless the loss was occasioned by the willful misconduct of that person.
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