All of the officers, directors, and shareholders of a corporation subject to this subchapter shall be, at all times, persons licensed pursuant to the laws of this state governing their profession. No person who is not so licensed shall have any part in the ownership, management, or control of the corporation, nor may any proxy to vote any shares of the corporation be given to a person who is not so licensed.
Ark. Code Ann. § 4-29-208
Officers, directors, and shareholders
Applied in 2 court decisions — leading case Wilson v. Wilson (1989)
Most recently applied in Brave v. Brave (October 2013)
Acts 1963, No. 155, § 14; A.S.A. 1947, § 64-2014.
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.