A limited liability company engaged in the practice of law, as a part of the practice of law, may act as an executor, trustee, or administrator of an estate, guardian for an infant, or in any other fiduciary capacity. Any member, employee of a member, manager, employee, or agent of a limited liability company engaged in the practice of law who is duly licensed as an attorney in this state may perform necessary fiduciary responsibilities on behalf of the limited liability company.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 32 - Small Business Entity Tax Pass Through Act
§ 4-32-301. Agency power of members and managers
§ 4-32-302. Admissions by members and managers
§ 4-32-303. Limited liability company charged with knowledge of or notice to member or manager
§ 4-32-304. Liability of members to third parties
§ 4-32-305. Parties to actions
§ 4-32-308. Professional relationship — Personal liability
§ 4-32-309. Liability of limited liability company to third parties