The taxes and penalties required to be paid by this chapter shall be a first lien on all property of the corporation, whether or not the property is employed by the corporation in the prosecution of its business or is in the hands of an assignee, receiver, or trustee.
Ark. Code Ann. § 26-54-108
Taxes and penalties as lien
Known as the Arkansas Corporate Franchise Tax Act
The act spans §§ 26-54-101 to 26-54-115 (22 sections).
Acts 1979, No. 889, § 7; A.S.A. 1947, § 84-1839.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.