Arkansas § 8-7-707 - Director and officer liability.
Full text of Arkansas Arkansas Code of 1987 Annotated § 8-7-707 — Director and officer liability., with citation guidance and answers to common questions.
§ 8-7-707. Director and officer liability.
No director or officer of a corporation whose sole purpose as stated in its articles of incorporation is to own, implement a response action at, or hold one (1) or more hazardous sites, shall be liable to any person or entity for any action of the corporation reasonably related to the stated purpose of the corporation. This section shall not apply to any action of the corporation resulting from the gross negligence or willful misconduct of a director or officer of said corporation.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 8-7-707
What does Arkansas Code of 1987 Annotated § 8-7-707 cover?
Section 8-7-707 ("Director and officer liability.") 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 § 8-7-707?
A common citation format is "Arkansas Code of 1987 Annotated § 8-7-707" (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 § 8-7-707 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.