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88 chapters · 2,278 sections in this title.
Ark. Code Ann. § 4-27-1330 Court action
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(a) If a demand for payment under § 4-27-1328 remains unsettled, the corporation shall commence a proceeding within sixty (60) days after receiving the payment demand and petition the court to determine the fair value of the shares and accrued interest. If the corporation does no…
Ark. Code Ann. § 4-27-1331 Court costs and counsel fees
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(a) The court in an appraisal proceeding commenced under § 4-27-1330 shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court. The court shall assess the costs against the corporation, except that the cou…
Ark. Code Ann. § 4-27-140 Definitions
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(1) In this chapter:(1) “Articles of incorporation” include amended and restated articles of incorporation and articles of merger.(2) “Authorized shares” means the shares of all classes a domestic or foreign corporation is authorized to issue.(3) “Conspicuous” means so written th…
Ark. Code Ann. § 4-27-1401 Dissolution by incorporators or initial directors
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(1) A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing articles of dissolution that set forth:(1) the name of the corporatio…