The reasonable charges and expenses of organization or reorganization of a corporation and the reasonable expenses of and compensation for the sale or underwriting of its shares may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering such shares not fully paid and nonassessable.
Ark. Code Ann. § 4-26-606
Payment of expenses of organization, reorganization, financing, etc
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Acts 1965, No. 576, § 22; A.S.A. 1947, § 64-207.
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.