Effect of share exchange
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Acts 2009, No. 408, § 4.
When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to:
(1) The exchange rights provided in the articles of share exchange; or
(2) The rights of the former holders of the shares under § 4-27-1301 et seq.
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.