Arkansas Code Title 4. Business and Commercial Law § 4-47-110. Effect of partnership agreement--Nonwaivable provisions

(1) vary a limited partnership's power under § 4-47-105 to sue, be sued, and defend in its own name;

(2) vary the law applicable to a limited partnership under § 4-47-106;

(3) vary the requirements of § 4-47-204;

(4) vary the information required under § 4-47-111 or unreasonably restrict the right to information under § 4-47-304 or § 4-47-407, but the partnership agreement may impose reasonable restrictions on the availability and use of information obtained under those sections and may define appropriate remedies, including liquidated damages, for a breach of any reasonable restriction on use;

(5) eliminate the duty of loyalty under § 4-47-408, but the partnership agreement may:

(6) unreasonably reduce the duty of care under § 4-47-408(c);

(7) eliminate the obligation of good faith and fair dealing under §§ 4-47-305(b) and 4-47-408(d), but the partnership agreement may prescribe the standards by which the performance of the obligation is to be measured, if the standards are not manifestly unreasonable;

(8) vary the power of a person to dissociate as a general partner under § 4-47-604(a) except to require that the notice under § 4-47-603(1) be in a record;

(9) vary the power of a court to decree dissolution in the circumstances specified in § 4-47-802;

(10) vary the requirement to wind up the partnership's business as specified in § 4-47-803;

(11) unreasonably restrict the right to maintain an action under subchapter 10;

(12) restrict the right of a partner under § 4-47-1110(a) to approve a conversion or merger or the right of a general partner under § 4-47-1110(b) to consent to an amendment to the certificate of limited partnership which deletes a statement that the limited partnership is a limited liability limited partnership; or

(13) restrict rights under this chapter of a person other than a partner or a transferee.