Arkansas § 4-46-912 - Power of partners and persons dissociated as partners to bind organization after conversion or merger.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-46-912 — Power of partners and persons dissociated as partners to bind organization after conversion or merger., with citation guidance and answers to common questions.
§ 4-46-912. Power of partners and persons dissociated as partners to bind organization after conversion or merger.
An act of a person that immediately before a conversion or merger became effective was a partner in a converting or constituent partnership binds the converted or surviving organization after the conversion or merger becomes effective if: Before the conversion or merger became effective the act would have bound the converting or constituent partnership under § 4-46-301; and At the time the third party enters into the transaction the third party: Does not have notice of the conversion or merger; and Reasonably believes that the converted or surviving business is the converting or constituent partnership and that the person is a partner in the converting or constituent partnership. An act of a person that before a conversion or merger became effective was dissociated as a partner from a converting or constituent partnership binds the converted or surviving organization after the conversion or merger becomes effective if: Before the conversion or merger became effective the act would have bound the converting or constituent partnership under § 4-46-301 if the person had been a partner; and At the time the third party enters into the transaction, less than two (2) years have passed since the person dissociated as a general partner and the third party: Does not have notice of the dissociation; Does not have notice of the conversion or merger; and Reasonably believes that the converted or surviving organization is the converting or constituent partnership and that the person is a partner in the converting or constituent partnership. If a person with knowledge of the conversion or merger causes a converted or surviving organization to incur an obligation under subsection (a) or subsection (b) of this section the person is liable: To the converted or surviving organization for any damage caused to the organization arising from the obligation; and If another person is liable for the obligation, to the other person for any damage caused to the other person arising from the liability.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-46-912
What does Arkansas Code of 1987 Annotated § 4-46-912 cover?
Section 4-46-912 ("Power of partners and persons dissociated as partners to bind organization after conversion or merger.") 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 § 4-46-912?
A common citation format is "Arkansas Code of 1987 Annotated § 4-46-912" (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 § 4-46-912 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.