Effect of share exchange

Ark. Code Ann. § 4-27-1804 — under Business Corporation Act of 1987.

Ark. Code Ann. § 4-27-1804

(1) When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to:(1) The exchange rights provided in the articles of share exchange; or(2) The rights of the former holders of the shares under § 4-27-1301 et seq.

(1) The exchange rights provided in the articles of share exchange; or

(2) The rights of the former holders of the shares under § 4-27-1301 et seq.