Title 4 — Business and Commercial Law
88 chapters · 1,044 sections in this title.
Ark. Code Ann. § 4-29-101 Persons associated with professional corporations — Limitations on personal liability
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(a) No person shall be personally liable for any obligation or liability of any shareholder, director, officer, agent, or employee of a professional corporation solely because the person is a shareholder, director, officer, agent, or employee of the professional corporation. (b) …
Ark. Code Ann. § 4-29-201 Title
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This subchapter may be cited as the “Arkansas Professional Corporation Act”.
Ark. Code Ann. § 4-29-202 Definitions
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(1) As used in this subchapter, unless the context otherwise requires:(1) “Beneficial owner” means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;(2) “Professional service” m…
Ark. Code Ann. § 4-29-203 Subchapter optional
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(a) Nothing in this subchapter shall be construed to amend, repeal, or supersede all or any part of the Medical Corporation Act, § 4-29-301 et seq., or Dental Corporation Act, § 4-29-401 et seq., and insofar as those acts are concerned in relation to this subchapter, this subchap…
Ark. Code Ann. § 4-29-204 Application of Arkansas Business Corporation Act
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(a) The Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., shall be applicable to such professional corporations, including their organization, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporat…
Ark. Code Ann. § 4-29-205 Professional relationships unaltered
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This subchapter does not alter any law applicable to the relationship between a person furnishing professional service and a person receiving the service, including liability arising out of the professional service.
Ark. Code Ann. § 4-29-206 Formation of corporation
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(a) One (1) or more persons duly and properly licensed under and pursuant to the laws of the State of Arkansas to render the same type of professional services, as defined in § 4-29-202, may form a corporation, pursuant to the Arkansas Business Corporation Act of 1987, § 4-27-101…
Ark. Code Ann. § 4-29-207 Corporate name
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(a) The corporate name shall contain either:(1) The names of one (1) or more of the shareholders;(2) The names of one (1) or more deceased former shareholders or deceased members of a predecessor organization; or(3) Any combination of the names specified in subdivisions (a)(1) an…
Ark. Code Ann. § 4-29-208 Officers, directors, and shareholders
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All of the officers, directors, and shareholders of a corporation subject to this subchapter shall be, at all times, persons licensed pursuant to the laws of this state governing their profession. No person who is not so licensed shall have any part in the ownership, management, …
Ark. Code Ann. § 4-29-209 Employees
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Each individual employee licensed pursuant to the laws of this state to engage in his or her profession who is employed by a corporation subject to this subchapter shall remain subject to reprimand or discipline for his or her conduct under the provisions of the laws or rules gov…
Ark. Code Ann. § 4-29-210 Certificate of registration — Issuance, renewal, etc
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(a) No corporation shall open, operate, or maintain an establishment for any of the purposes set forth in §§ 4-29-202 and 4-29-206 without a certificate of registration from the state board, department, or agency, as the case may be, authorized by law to license individuals to en…
Ark. Code Ann. § 4-29-211 Certificate of registration — Suspension or revocation
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(a) The state board, department, or agency which issued the certificate of registration may suspend or revoke it for any of the following reasons:(1) The revocation or suspension of the license to practice the profession of any officer, director, shareholder, or employee not prom…
Ark. Code Ann. § 4-29-212 Certificate of registration — Appeal from denial, suspension, or revocation
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(a) Any corporation, save and except attorneys at law, whose application for a certificate of registration has been denied or whose registration has been suspended or revoked may appeal within thirty (30) days after notice of the action by the board, department, or agency to the …
Ark. Code Ann. § 4-29-213 Shares of deceased or disqualified shareholder — Price
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If the articles of incorporation or bylaws of a corporation subject to this subchapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualified …
Ark. Code Ann. § 4-29-301 Title
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This subchapter may be cited as the “Medical Corporation Act”.
Ark. Code Ann. § 4-29-302 Definitions
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(1) As used in this subchapter:(1) “Beneficial owner” means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;(2) “Foreign medical corporation” means a corporation:(A) Organized…
Ark. Code Ann. § 4-29-303 Application of Arkansas Business Corporation Act
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(a) The Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., shall be applicable to such corporations, including their organization, except that the required number of incorporators of a medical corporation shall be one (1) or more, and they shall enjoy the powers and p…
Ark. Code Ann. § 4-29-304 Physician-patient relationship unaltered
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This subchapter does not alter any law applicable to the relationship between a physician furnishing medical service and a person receiving the service, including liability arising out of the service.
Ark. Code Ann. § 4-29-305 Formation of corporation — Employee licensing required
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(a) One (1) or more persons licensed pursuant to the Arkansas Medical Practices Act, § 17-95-201 et seq., § 17-95-301 et seq., and § 17-95-401 et seq., may associate to form a corporation pursuant to the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., to own, opera…
Ark. Code Ann. § 4-29-306 Corporate name
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(a) (1) The corporate name may contain the names of one (1) or more of the shareholders.(2) However, the name of a person who is not employed by the corporation shall not be included in the corporate name, except that the name of a deceased shareholder may continue to be included…
Ark. Code Ann. § 4-29-307 Officers, directors, and shareholders
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(a) All of the officers, directors, and shareholders of a corporation subject to this subchapter shall at all times be persons licensed pursuant to the Arkansas Medical Practices Act, § 17-95-201 et seq., § 17-95-301 et seq., and § 17-95-401 et seq. (b) No person who is not so li…
Ark. Code Ann. § 4-29-308 Employees
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Each individual employee licensed pursuant to the Arkansas Medical Practices Act, § 17-95-201 et seq., § 17-95-301 et seq., and § 17-95-401 et seq., who is employed by a corporation subject to this subchapter shall remain subject to reprimand or discipline for his or her conduct …
Ark. Code Ann. § 4-29-309 Certificate of registration — Issuance, renewal, etc
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(a) No corporation shall open, operate, or maintain an establishment for any of the purposes set forth in § 4-29-305 without a certificate of registration from the Arkansas State Medical Board. (b) Application for the registration shall be made to the board in writing and shall c…
Ark. Code Ann. § 4-29-310 Certificate of registration — Suspension or revocation
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(a) The Arkansas State Medical Board may suspend or revoke any certificate of registration for any of the following reasons:(1) The revocation or suspension of the license to practice medicine of any officer, director, shareholder, or employee not promptly removed or discharged b…
Ark. Code Ann. § 4-29-311 Certificate of registration — Appeal from denial, suspension, or revocation
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(a) Any corporation whose application for a certificate of registration has been denied or whose registration has been suspended or revoked may appeal to the Pulaski County Circuit Court within thirty (30) days after notice of the action by the Arkansas State Medical Board. (b) T…
Ark. Code Ann. § 4-29-312 Shares of deceased or disqualified shareholder — Price
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(a) If the articles of incorporation or bylaws of a corporation subject to this subchapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualif…
Ark. Code Ann. § 4-29-313 Foreign medical corporations — Certificates of registration — Governance — Licensure
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(a) If a foreign medical corporation complies with this subchapter, the Arkansas State Medical Board may issue a certificate of registration to the foreign medical corporation. (b) A person who is not licensed to practice medicine shall not participate in the ownership, managemen…
Ark. Code Ann. § 4-29-401 Title and definitions
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(a) This subchapter may be cited as the “Dental Corporation Act”. (b) As used in this subchapter, unless the context otherwise requires:(1) “Beneficial owner” means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the u…
Ark. Code Ann. § 4-29-402 Application of Arkansas Business Corporation Act
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(a) The Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., shall be applicable to such corporations, including their organization, except that the required number of incorporators of a dental corporation shall be one (1) or more, and they shall enjoy the powers and pr…
Ark. Code Ann. § 4-29-403 Dentist-patient relationship unaltered
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This subchapter does not alter any law applicable to the relationship between a dentist furnishing dental service and a person receiving the service, including liability arising out of the service.
Ark. Code Ann. § 4-29-404 Formation of corporation — Employee licensing required
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One (1) or more persons licensed pursuant to the Arkansas Dental Practice Act, § 17-82-101 et seq., may associate to form a corporation pursuant to the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., to own, operate, and maintain an establishment for the study, dia…
Ark. Code Ann. § 4-29-405 Corporate name
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(a) The corporate name shall contain the names of one (1) or more of the shareholders. However, the name of a person who is not employed by the corporation shall not be included in the corporate name, except that the name of a deceased shareholder may continue to be included in t…
Ark. Code Ann. § 4-29-406 Officers, directors, and shareholders
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All of the officers, directors, and shareholders of a corporation subject to this subchapter shall at all times be persons licensed pursuant to the Arkansas Dental Practice Act, § 17-82-101 et seq. No person who is not so licensed shall have any part in the ownership, management,…
Ark. Code Ann. § 4-29-407 Employees
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Each individual employee licensed pursuant to the Arkansas Dental Practice Act, § 17-82-101 et seq., who is employed by a corporation subject to this subchapter shall remain subject to reprimand or discipline for his or her conduct under the provisions of the Arkansas Dental Prac…
Ark. Code Ann. § 4-29-408 Certificate of registration — Issuance, renewal, etc
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(a) No corporation shall open, operate, or maintain an establishment for any of the purposes set forth in § 4-29-404 without a certificate of registration from the Arkansas State Board of Dental Examiners. (b) Application for the registration shall be made to the board in writing…
Ark. Code Ann. § 4-29-409 Certificate of registration — Suspension or revocation
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(a) The Arkansas State Board of Dental Examiners may suspend or revoke any certificate of registration for any of the following reasons:(1) The revocation or suspension of the license to practice dentistry of any officer, director, shareholder, or employee not promptly removed or…
Ark. Code Ann. § 4-29-410 Certificate of registration — Appeal from denial, suspension, or revocation
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(a) Any corporation whose application for a certificate of registration has been denied or whose registration has been suspended or revoked may appeal within thirty (30) days after notice of the action by the Arkansas State Board of Dental Examiners to the Pulaski County Circuit …
Ark. Code Ann. § 4-29-411 Shares of deceased or disqualified shareholder — Price
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If the articles of incorporation or bylaws of a corporation subject to this subchapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualified …