If a member who is an individual dies or a court of competent jurisdiction adjudges the member to be incompetent to manage his or her person or property, the member's executor, administrator, guardian, conservator, or other legal representative shall have all of the rights of an assignee of the member's interest.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 32 - Small Business Entity Tax Pass Through Act
Subchapter 7 - Ownership and Transfer of Property
§ 4-32-701. Ownership of limited liability company property
§ 4-32-702. Transfer of real property
§ 4-32-703. Nature of limited liability company interest
§ 4-32-704. Assignment of interest
§ 4-32-705. Rights of judgment creditor
§ 4-32-706. Right of assignee to become member
§ 4-32-707. Powers of estate of deceased or incompetent member