Arkansas § 4-36-303 - Standard of conduct for officers.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-36-303 — Standard of conduct for officers., with citation guidance and answers to common questions.
§ 4-36-303. Standard of conduct for officers.
An officer of a benefit corporation shall consider the interests and factors described in § 4-36-301 if: The officer has discretion to act with respect to a matter; and It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of a general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation. The consideration of interests and factors described in subsection (a) of this section shall not constitute a violation of § 4-27-841. An officer is not personally liable for monetary damages for: An action or omission as an officer if the officer performed the duties of the position in compliance with § 4-27-841 and this section; or Failure of the benefit corporation to pursue a general public benefit or a specific public benefit. An officer does not have a duty to a person that is a beneficiary of a general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-36-303
What does Arkansas Code of 1987 Annotated § 4-36-303 cover?
Section 4-36-303 ("Standard of conduct for officers.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 4-36-303?
A common citation format is "Arkansas Code of 1987 Annotated § 4-36-303" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-36-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.