Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 32 - Small Business Entity Tax Pass Through Act > Subchapter 11 - Suits by and Against the Limited Liability Company > § 4-32-1103 - Effect of lack of authority to sue.

§ 4-32-1103 - Effect of lack of authority to sue.

4-32-1103. Effect of lack of authority to sue.

The lack of authority of a member or manager to sue on behalf of the limited liability company may not be asserted as a defense to an action by the limited liability company or by the limited liability company as a basis for bringing a subsequent suit on the same cause of action.