Ark. Code Ann. § 5-2-501
This is the official text of Ark. Code Ann. § 5-2-501, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in this subchapter: (1) "Agent" means any officer, director, or employee of an organization or any other person who is authorized to act in behalf of an organization; (2) "High managerial agent" means an agent or officer of an organization who has duties of such responsibility that his or her conduct reasonably may be assumed to represent the policy of the organization; and (3) "Organization" means a legal entity and includes: (A) A corporation, company, association, firm, partnership, or joint-stock company; (B) A foundation, institution, society, union, club, or church; or (C) Any other group of persons organized for any purpose. Acts 1975, No. 280, § 401; A.S.A. 1947, § 41-401.
As used in this subchapter:
(1) "Agent" means any officer, director, or employee of an organization or any other person who is authorized to act in behalf of an organization;
(2) "High managerial agent" means an agent or officer of an organization who has duties of such responsibility that his or her conduct reasonably may be assumed to represent the policy of the organization; and
(3) "Organization" means a legal entity and includes: (A) A corporation, company, association, firm, partnership, or joint-stock company; (B) A foundation, institution, society, union, club, or church; or (C) Any other group of persons organized for any purpose.
(A) A corporation, company, association, firm, partnership, or joint-stock company;
(B) A foundation, institution, society, union, club, or church; or
(C) Any other group of persons organized for any purpose.
Acts 1975, No. 280, § 401; A.S.A. 1947, § 41-401.
As used in this subchapter:
(1) "Agent" means any officer, director, or employee of an organization or any other person who is authorized to act in behalf of an organization;
(2) "High managerial agent" means an agent or officer of an organization who has duties of such responsibility that his or her conduct reasonably may be assumed to represent the policy of the organization; and
(3) "Organization" means a legal entity and includes: (A) A corporation, company, association, firm, partnership, or joint-stock company; (B) A foundation, institution, society, union, club, or church; or (C) Any other group of persons organized for any purpose.
(A) A corporation, company, association, firm, partnership, or joint-stock company;
(B) A foundation, institution, society, union, club, or church; or
(C) Any other group of persons organized for any purpose.
Acts 1975, No. 280, § 401; A.S.A. 1947, § 41-401.
Status: in_force
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