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AR HB1278
Bill
Status
2/21/2023
Primary Sponsor
Jimmie Gazaway
Click for details
AI Summary
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Changes references to "articles of organization" to "certificate of organization" in Arkansas Code § 4-26-1001(9)(C), § 4-27-1101(9)(C), § 4-46-901(9)(C), § 4-47-1101(9)(C), and § 4-70-201(c) to align with terminology used in the Uniform Limited Liability Company Act (Acts 2021, No. 1041)
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Amends Arkansas Code § 4-37-102(13) to change the definition of "manager" or "managers" from referring to "articles of organization" to "operating agreement" for consistency with the updated LLC statute
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Declares the act makes only technical, not substantive, changes to the Arkansas Code of 1987
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Specifies that conflicts between this act and other regular session acts of the 94th General Assembly shall be resolved by treating the other acts as subsequent legislation
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Approved February 21, 2023
Legislative Description
To Make Technical Corrections To Title 4 Of The Arkansas Code Concerning Business And Commercial Law.
Last Action
Notification that HB1278 is now Act 108
2/21/2023