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95 chapters · 3,921 sections in this title.
Ark. Code Ann. § 23-11-219 Subscription contracts for sale of stock
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Railroad corporations organized under the law of this state are authorized to enter into subscription contracts for the sale of their stock under such terms, conditions, and restrictions and subject to such liabilities relative thereto as are provided by law for such contracts by…
Ark. Code Ann. § 23-11-220 Amendment of articles of incorporation
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(a) Amendments to the articles of incorporation of any railroad corporation incorporated under the law of this state shall be made only by the vote of a majority of the stockholders of the corporation. (b) (1) No amendment shall be voted upon unless and until notice of an intenti…
Ark. Code Ann. § 23-11-221 Dissolution or liquidation of railroad corporation
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(a) Railroad corporations organized under the laws of this state may be dissolved or liquidated, wholly or in part, after approval of the action by the Arkansas Department of Transportation in the manner provided by the law for dissolution or liquidation of business corporations …
Ark. Code Ann. § 23-11-222 Corporations existing prior to June 11, 1959 — Application of subchapter — Extension of existence
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(a) This subchapter shall be applicable to all railroad corporations organized under the laws of this state, provided that each existing railroad corporation may, within two (2) years of June 11, 1959, file with the Arkansas Department of Transportation, the Secretary of State, a…