Except as authorized by § 4-33-1302, a corporation shall not make any distributions.
Ark. Code Ann. § 4-33-1301
Prohibited distributions
Known as the Arkansas Nonprofit Corporation Act
The act spans §§ 4–4 (189 sections).
Acts 1993, No. 1147, § 1301.
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.