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Ark. Code Ann. § 4-26-1101

Authorization of dissolution

Known as the Arkansas Business Corporation Act

The act spans §§ 4–4 (323 sections).

Applied in 2 court decisions — leading case Schmidt v. Pearson, Evans and Chadwick (1996)

Most recently applied in Schmidt v. Pearson, Evans and Chadwick (November 1996)

Acts 1965, No. 576, § 83; A.S.A. 1947, § 64-901.

(1) A corporation may be dissolved.

(2) The dissolution shall be authorized at a meeting of shareholders which is held after notice to all shareholders, whether or not entitled to vote, by the vote of the holders of two-thirds (2/3) of all outstanding shares entitled to vote thereon unless any class of shares is entitled to vote as a class, in which event the resolution of dissolution shall be adopted upon receiving the affirmative vote of the holders of two-thirds (2/3) of the outstanding shares of each class entitled to vote thereon as a class and of the total outstanding shares.

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.