A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Ark. Code Ann. § 4-27-628
Expense of issue
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Acts 1987, No. 958, § 64-613.
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.