(a) A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.
(b) A member shall discharge the duties to the unincorporated nonprofit association and the other members and exercise any rights under this subchapter consistent with the governing principles and the obligation of good faith and fair dealing.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 28 - Nonprofit Organizations
Subchapter 6 - Revised Uniform Unincorporated Nonprofit Association Act
§ 4-28-603. Relation to other law
§ 4-28-605. Legal entity; Perpetual existence; Powers
§ 4-28-606. Ownership and transfer of property
§ 4-28-607. Statement of authority as to real property
§ 4-28-609. Assertion and defense of claims
§ 4-28-610. Effect of judgment or order
§ 4-28-611. Appointment of agent to receive service of process
§ 4-28-612. Service of process
§ 4-28-613. Action or proceeding not abated by change
§ 4-28-616. Approval by members
§ 4-28-617. Meetings of members; Voting, notice, and quorum requirements
§ 4-28-619. Admission, suspension, dismissal, or expulsion of members
§ 4-28-620. Member's resignation
§ 4-28-621. Membership interest not transferable
§ 4-28-622. Selection of managers; Management rights of managers
§ 4-28-623. Duties of managers
§ 4-28-624. Notice and quorum requirements for meetings of managers
§ 4-28-625. Right of member or manager to information
§ 4-28-626. Distributions prohibited; Compensation and other permitted payments
§ 4-28-627. Reimbursement; Indemnification; Advancement of expenses
§ 4-28-629. Winding up and termination
§ 4-28-631. Transition concerning real and personal property
§ 4-28-632. Uniformity of application and construction
§ 4-28-633. Relation to Electronic Signatures in Global and National Commerce Act