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Ark. Code Ann. § 4-33-1501

Authority to transact business required

Known as the Arkansas Nonprofit Corporation Act

The act spans §§ 4–4 (189 sections).

Acts 1993, No. 1147, § 1501.

(1) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the Secretary of State.

(2) The following activities, among others, do not constitute transacting business within the meaning of subsection (a) of this section: maintaining, defending, or settling any proceeding;

(3) holding meetings of the board of directors or members or carrying on other activities concerning internal corporate affairs;

(4) maintaining bank accounts;

(5) maintaining offices or agencies for the transfer, exchange, and registration of memberships or securities or maintaining trustees or depositaries with respect to those securities;

(6) selling through independent contractors;

(7) soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts;

(8) creating or acquiring indebtedness, mortgages, and security interests in real or personal property;

(9) securing or collecting debts or enforcing mortgages and security interests in property securing the debts;

(10) owning, without more, real or personal property;

(11) conducting an isolated transaction that is completed within thirty (30) days and that is not one in the course of repeated transactions of a like nature;

(12) transacting business in interstate commerce.

(13) The list of activities in subsection (b) of this section is not exhaustive.

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.