All business corporations, railroad corporations, banking corporations, insurance corporations, building and loan corporations, benevolent corporations, and cooperative associations shall have the power to make donations for the public welfare or for charitable, scientific, or educational purposes, subject to such limitations, if any, as may be contained in its articles of incorporation or any amendment thereto.
Ark. Code Ann. § 4-25-103
Contributions authorized
Applied in 1 court decision — leading case 2011 Ark. App. 453 - Entergy Arkansas, Inc. v. Arkansas Public Service Commission (2011)
Most recently applied in 2011 Ark. App. 453 - Entergy Arkansas, Inc. v. Arkansas Public Service Commission (June 2011)
Acts 1951, No. 69, § 1; A.S.A. 1947, § 64-1101.
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.