Arkansas Attorney General Reports February 28, 2000 (Opinion No.)

The Honorable Boyd Hickinbotham State Representative P.O. Box 326 Salem, AR 72576-0326 Dear Representative Hickinbotham: I am writing in response to your request for my opinion on the following question: Assuming the following facts: (a) a developer has created an entity to maintain a development; (b) several years later, the developer sold his interest to another developer; (c) several years