Title 4 — Business and Commercial Law
88 chapters · 1,044 sections in this title.
Ark. Code Ann. § 4-26-813 Removal of officers
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Any officer or agent may be removed by the board of directors whenever in its judgment the best interests of the corporation will be served thereby, but removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an offi…
Ark. Code Ann. § 4-26-814 Indemnification of officers, directors, employees, and agents
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(a) (1) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed actions, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in…
Ark. Code Ann. § 4-26-901 Corporate indebtedness — Mortgage of assets authorized
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In authorizing the procurement of corporate loans, the creation of obligations under which the corporation is to be primarily or secondarily liable; the issuance of corporate notes, bonds, and other obligations; and the mortgage and pledge of all or any part of the corporate asse…
Ark. Code Ann. § 4-26-902 Sale, lease, or exchange of assets in regular course of business
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The sale, lease, or exchange of all or substantially all the property and assets of a corporation, when made in the usual and regular course of the business of the corporation, may be made upon such terms and conditions and for such considerations, which may consist in whole or i…
Ark. Code Ann. § 4-26-903 Sale, lease, or exchange of assets other than in regular course of business
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(a) A sale, lease, or exchange of all or substantially all the property and assets, with or without the good will, of a corporation, if not made in the usual and regular course of its business, may be made upon such terms and conditions and for such consideration, which may consi…
Ark. Code Ann. § 4-26-904 Sale or exchange of assets — Rights of dissenting shareholders
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(a) In the event that a sale or exchange prior to dissolution of all or substantially all of the property and assets of a corporation otherwise than in the usual and regular course of its business is authorized by a vote of the shareholders of the corporation, any shareholder who…