§ 15-4-1207 - Liability of directors, officers, managers, and members. - Arkansas Statutes

15-4-1207. Liability of directors, officers, managers, and members.

The directors and officers of a corporation organized under the provisions of this subchapter and the managers and members of a limited liability company organized under the provisions of this subchapter shall not be responsible for losses of assets of the company unless the losses shall have been occasioned by the willful misconduct of such directors, officers, managers, or members.