Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 9 - Arkansas Development Finance Corporation Act > § 15-4-918 - Liability of directors and officers.

§ 15-4-918 - Liability of directors and officers.

15-4-918. Liability of directors and officers.

The directors and officers of the development finance corporation organized under the provisions of this subchapter shall not be responsible for losses unless the losses shall have been occasioned by the willful misconduct of such directors or officers.