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AR SB731

Bill

Official Source

Status

Failed

5/1/2017

Primary Sponsor

Gary Stubblefield

Click for details

Origin

Senate

91st General Assembly (2017 Regular)

AI Summary

  • Abolishes the new business rule as it applies to the denial of damages for lost profits in Arkansas
  • Introduced by Senator G. Stubblefield during the 91st General Assembly Regular Session in 2017
  • Modifies current Arkansas law regarding what damages can be recovered in legal cases involving new businesses
  • The bill's purpose is to allow recovery of lost profits damages that would otherwise be denied under the existing new business rule doctrine

Legislative Description

To Abolish The New Business Rule As A Denial Of Damages For Lost Profits.

Last Action

Sine Die adjournment

5/1/2017

Committee Referrals

Judiciary3/6/2017

Full Bill Text

No bill text available