Arkansas § 4-46-1001 - Statement of qualification.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-46-1001 — Statement of qualification., with citation guidance and answers to common questions.
§ 4-46-1001. Statement of qualification.
A partnership may become a limited liability partnership pursuant to this section. The terms and conditions on which a partnership becomes a limited liability partnership must be approved by the vote necessary to amend the partnership agreement except, in the case of a partnership agreement that expressly considers contribution obligations, the vote necessary to amend those provisions. After the approval required by subsection (b) of this section, a partnership may become a limited liability partnership by filing a statement of qualification. The statement must contain: the name of the partnership; the street address of the partnership's chief executive office and, if different, the street address of an office in this State, if any; if there is no office in this State, the information required by § 4-20-105(a); a statement that the partnership elects to be a limited liability partnership; and a deferred effective date, if any. [Reserved.] The status of a partnership as a limited liability partnership is effective on the later of the filing of the statement or a date specified in the statement. The status remains effective, regardless of changes in the partnership, until it is canceled pursuant to § 4-46-105(d) or revoked pursuant to § 4-46-1003. The status of a partnership as a limited liability partnership and the liability of its partners is not affected by errors or later changes in the information required to be contained in the statement of qualification under subsection (c) of this section. The filing of a statement of qualification establishes that a partnership has satisfied all conditions precedent to the qualification of the partnership as a limited liability partnership. An amendment or cancellation of a statement of qualification is effective when it is filed or on a deferred effective date specified in the amendment or cancellation.
Frequently Asked Questions About Arkansas § 4-46-1001
What does Arkansas Code of 1987 Annotated § 4-46-1001 cover?
Section 4-46-1001 ("Statement of qualification.") 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 § 4-46-1001?
A common citation format is "Arkansas Code of 1987 Annotated § 4-46-1001" (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 § 4-46-1001 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.