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Arkansas Code Title 8. Environmental Law § 8-7-707. Corporate officials' liability

Current as of March 28, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Arkansas Code Title 8. Environmental Law § 8-7-707. Corporate officials' liability - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-8-environmental-law/ar-code-sect-8-7-707/

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