62 chapters · 2,849 sections in this title.
Ark. Code Ann. § 6-2-101 Applicability
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The provisions of this chapter shall apply to all institutions at present existing under or by virtue of charters in the State of Arkansas.
Ark. Code Ann. § 6-2-102 Number of persons required to incorporate — Name of association
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(a) Any number of persons, the multiple of three (3), not less than six (6) nor more than thirty-three (33), who have associated or shall associate, according to the provisions of this chapter, under any name assumed by them, for the purpose of founding or maintaining any institu…
Ark. Code Ann. § 6-2-103 Purpose — Use of funds or property
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(a) The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association. (b) It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by th…
Ark. Code Ann. § 6-2-104 Initial meeting — Quorum
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(a) When the requisite number of persons shall have associated according to the provisions of this chapter, any three (3) of them may call the first meeting of the corporation by giving notice of the meeting to each member of the association by written or printed circulars at lea…
Ark. Code Ann. § 6-2-105 Trustees
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(a) The persons thus associated shall be the trustees of the proposed institution. (b) Unless they otherwise provide in their charter, the trustees shall annually elect their officers from their number. (c) Unless otherwise provided by their charter, one-third (⅓) of the whole nu…
Ark. Code Ann. § 6-2-106 [Repealed.]
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A.C.A. § 6-2-106Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-2-107 Change of name or provisions
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(a) Whenever the trustees of any corporate institution of learning are desirous of changing its name or the provisions of its charter, they may meet at their regular place of transacting business and change the name of the institution or the provisions of its charter. (b) A major…
Ark. Code Ann. § 6-2-108 Filing and recording fees
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(a) The Secretary of State may set and receive a reasonable fee for the filing and recording of a charter of any educational institution or any certificate as to change of name or of the provisions of any such charter. (b) Such fee shall be paid by the board of trustees of the in…
Ark. Code Ann. § 6-2-109 Corporate power and government
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(a) Unless otherwise provided in its charter or by the governing body of the church or denomination under whose control the institution is organized and maintained, the corporation thus formed shall:(1) Have perpetual succession;(2) Be empowered to fill all vacancies occurring in…
Ark. Code Ann. § 6-2-110 Power to borrow for construction of facilities
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(1) The governing body of a corporation organized under the provisions of this chapter shall have the power, for and on behalf of the corporation:(1) To borrow money from time to time for construction of facilities for its corporate purposes;(2) To evidence such indebtedness by p…
Ark. Code Ann. § 6-2-111 Degrees, diplomas, and honors
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(a) All institutions incorporated as colleges or universities shall have power to confer the customary degrees and grant the usual diplomas and honors conferred by reputable institutions of like grade. (b) (1) No degree or diploma of any kind shall be conferred by any institution…
Ark. Code Ann. § 6-2-112 Gift, bequest, or devise for particular purpose
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No gift, bequest, or devise made to any such institution for a particular purpose shall be applied to any other purpose unless it is impossible or impracticable for the original purpose to be executed.
Ark. Code Ann. § 6-2-113 Prohibition on gaming and liquor sales
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(a) To protect the youth assembled at institutions organized under the provisions of this chapter, while removed from the customary restraints of home and parental watch-care, it is declared to be a misdemeanor to entice any student of such institution into the practice of gaming…