Chapter

Business Corporation Act of 1987

Ark. Code Ann. § 4-27-101— Short title
Ark. Code Ann. § 4-27-102— Reservation of power to amend or repeal
Ark. Code Ann. § 4-27-103— — 4-27-119. [Reserved.]
Ark. Code Ann. § 4-27-120— Filing requirements. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-120.1— Filing requirements. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-121— Forms. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-121.1— Forms. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-122— Filing, service, and copying fees
Ark. Code Ann. § 4-27-123— Effective time and date of document
Ark. Code Ann. § 4-27-124— Correcting filed document
Ark. Code Ann. § 4-27-125— Filing duty of Secretary of State
Ark. Code Ann. § 4-27-126— Appeal from Secretary of State's refusal to file document
Ark. Code Ann. § 4-27-127— Evidentiary effect of copy of filed document
Ark. Code Ann. § 4-27-128— Certificate of existence. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-128.1— Certificate of existence. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-129— Penalty for signing false document
Ark. Code Ann. § 4-27-130— Powers
Ark. Code Ann. § 4-27-131— — 4-27-139. [Reserved.]
Ark. Code Ann. § 4-27-140— Definitions
Ark. Code Ann. § 4-27-141— Notice
Ark. Code Ann. § 4-27-142— Number of shareholders
Ark. Code Ann. § 4-27-201— Incorporators
Ark. Code Ann. § 4-27-202— Articles of incorporation
Ark. Code Ann. § 4-27-203— Incorporation
Ark. Code Ann. § 4-27-204— Liability for preincorporation transactions
Ark. Code Ann. § 4-27-205— Organization of corporation
Ark. Code Ann. § 4-27-206— Bylaws
Ark. Code Ann. § 4-27-207— Emergency bylaws
Ark. Code Ann. § 4-27-301— Purposes
Ark. Code Ann. § 4-27-302— General powers
Ark. Code Ann. § 4-27-303— Emergency powers
Ark. Code Ann. § 4-27-304— Ultra vires
Ark. Code Ann. § 4-27-401— Corporate name
Ark. Code Ann. § 4-27-402— Reserved name
Ark. Code Ann. § 4-27-403— Registered name
Ark. Code Ann. § 4-27-404— Use of fictitious names
Ark. Code Ann. § 4-27-405— Injunction against use of unlawful name
Ark. Code Ann. § 4-27-406— Notice to registrant regarding use of corporate, fictitious, or assumed names in violation of trademark
Ark. Code Ann. § 4-27-501— — 4-27-504. [Repealed.]
Ark. Code Ann. § 4-27-601— Authorized shares
Ark. Code Ann. § 4-27-602— Terms of class or series determined by board of directors
Ark. Code Ann. § 4-27-603— Issued and outstanding shares
Ark. Code Ann. § 4-27-604— Fractional shares
Ark. Code Ann. § 4-27-605— — 4-27-619. [Reserved.]
Ark. Code Ann. § 4-27-620— Subscription for shares before incorporation
Ark. Code Ann. § 4-27-621— Issuance of shares
Ark. Code Ann. § 4-27-622— Liability of shareholders
Ark. Code Ann. § 4-27-623— Share dividends
Ark. Code Ann. § 4-27-624— Share options
Ark. Code Ann. § 4-27-625— Form and content of certificates
Ark. Code Ann. § 4-27-626— Shares without certificates
Ark. Code Ann. § 4-27-627— Restriction on transfer of shares and other securities
Ark. Code Ann. § 4-27-628— Expense of issue
Ark. Code Ann. § 4-27-629— [Reserved.]
Ark. Code Ann. § 4-27-630— Shareholders' preemptive rights
Ark. Code Ann. § 4-27-631— Corporation's acquisition of its own shares
Ark. Code Ann. § 4-27-632— — 4-27-639. [Reserved.]
Ark. Code Ann. § 4-27-640— Distributions to shareholders
Ark. Code Ann. § 4-27-701— Annual meeting
Ark. Code Ann. § 4-27-702— Special meeting
Ark. Code Ann. § 4-27-703— Court-ordered meeting
Ark. Code Ann. § 4-27-704— Action without meeting
Ark. Code Ann. § 4-27-705— Notice of meeting
Ark. Code Ann. § 4-27-706— Waiver of notice
Ark. Code Ann. § 4-27-707— Record date
Ark. Code Ann. § 4-27-708— — 4-27-719. [Reserved.]
Ark. Code Ann. § 4-27-720— Shareholders' list for meeting
Ark. Code Ann. § 4-27-721— Voting entitlement of shares
Ark. Code Ann. § 4-27-722— Proxies
Ark. Code Ann. § 4-27-723— Shares held by nominees
Ark. Code Ann. § 4-27-724— Corporation's acceptance of votes
Ark. Code Ann. § 4-27-725— Quorum and voting requirements for voting groups
Ark. Code Ann. § 4-27-726— Action by single and multiple voting groups
Ark. Code Ann. § 4-27-727— Greater quorum or voting requirements
Ark. Code Ann. § 4-27-728— Voting for directors — Cumulative voting
Ark. Code Ann. § 4-27-729— [Reserved.]
Ark. Code Ann. § 4-27-730— Voting trusts
Ark. Code Ann. § 4-27-731— Voting agreements
Ark. Code Ann. § 4-27-732— — 4-27-739. [Reserved.]
Ark. Code Ann. § 4-27-740— Procedure in derivative proceedings
Ark. Code Ann. § 4-27-801— Requirement for and duties of board of directors
Ark. Code Ann. § 4-27-802— Qualifications of directors
Ark. Code Ann. § 4-27-803— Number and election of directors
Ark. Code Ann. § 4-27-804— Election of directors by certain classes of shareholders
Ark. Code Ann. § 4-27-805— Terms of directors generally
Ark. Code Ann. § 4-27-806— Staggered terms for directors
Ark. Code Ann. § 4-27-807— Resignation of directors
Ark. Code Ann. § 4-27-808— Removal of directors by shareholders
Ark. Code Ann. § 4-27-809— Removal of directors by judicial proceeding
Ark. Code Ann. § 4-27-810— Vacancy on board
Ark. Code Ann. § 4-27-811— Compensation of directors
Ark. Code Ann. § 4-27-812— — 4-27-819. [Reserved.]
Ark. Code Ann. § 4-27-820— Meetings
Ark. Code Ann. § 4-27-821— Action without meeting
Ark. Code Ann. § 4-27-822— Notice of meeting
Ark. Code Ann. § 4-27-823— Waiver of notice
Ark. Code Ann. § 4-27-824— Quorum and voting
Ark. Code Ann. § 4-27-825— Committees
Ark. Code Ann. § 4-27-826— — 4-27-829. [Reserved.]
Ark. Code Ann. § 4-27-830— General standards for directors
Ark. Code Ann. § 4-27-831— Director conflict of interest
Ark. Code Ann. § 4-27-832— Loans to directors
Ark. Code Ann. § 4-27-833— Liability for unlawful distributions
Ark. Code Ann. § 4-27-834— — 4-27-839. [Reserved.]
Ark. Code Ann. § 4-27-840— Required officers
Ark. Code Ann. § 4-27-841— Duties of officers
Ark. Code Ann. § 4-27-842— Standards of conduct for officers
Ark. Code Ann. § 4-27-843— Resignation and removal of officers
Ark. Code Ann. § 4-27-844— Contract rights of officers
Ark. Code Ann. § 4-27-845— — 4-27-849. [Reserved.]
Ark. Code Ann. § 4-27-850— Indemnification of officers, directors, employees, and agents — Insurance
Ark. Code Ann. § 4-27-1001— Authority to amend
Ark. Code Ann. § 4-27-1002— Amendment by board of directors
Ark. Code Ann. § 4-27-1003— Amendment by board of directors and shareholders
Ark. Code Ann. § 4-27-1004— Voting on amendments by voting groups
Ark. Code Ann. § 4-27-1005— Amendment before issuance of shares
Ark. Code Ann. § 4-27-1006— Articles of amendment
Ark. Code Ann. § 4-27-1007— Restated articles of incorporation
Ark. Code Ann. § 4-27-1008— Amendment pursuant to reorganization
Ark. Code Ann. § 4-27-1009— Effect of amendment
Ark. Code Ann. § 4-27-1010— — 4-27-1019. [Reserved.]
Ark. Code Ann. § 4-27-1020— Amendment of the bylaws by board of directors or shareholders
Ark. Code Ann. § 4-27-1021— Bylaw increasing quorum or voting requirement for shareholders
Ark. Code Ann. § 4-27-1022— Bylaw increasing quorum or voting requirement for directors
Ark. Code Ann. § 4-27-1101— Definitions
Ark. Code Ann. § 4-27-1102— Conversion
Ark. Code Ann. § 4-27-1103— Action on plan of conversion by converting corporation
Ark. Code Ann. § 4-27-1104— Filings required for conversion — Effective date
Ark. Code Ann. § 4-27-1105— Effect of conversion
Ark. Code Ann. § 4-27-1106— Merger
Ark. Code Ann. § 4-27-1107— Action on plan of merger by constituent corporation
Ark. Code Ann. § 4-27-1108— Merger of subsidiary
Ark. Code Ann. § 4-27-1109— Filings required for merger — Effective date
Ark. Code Ann. § 4-27-1110— Effect of merger
Ark. Code Ann. § 4-27-1111— Chapter not exclusive
Ark. Code Ann. § 4-27-1201— Sale of assets in regular course of business and mortgage of assets
Ark. Code Ann. § 4-27-1202— Sale of assets other than in regular course of business
Ark. Code Ann. § 4-27-1301— Definitions
Ark. Code Ann. § 4-27-1302— Right of dissent
Ark. Code Ann. § 4-27-1303— Dissent by nominees and beneficial owners
Ark. Code Ann. § 4-27-1304— — 4-27-1319. [Reserved.]
Ark. Code Ann. § 4-27-1320— Notice of dissenters' rights
Ark. Code Ann. § 4-27-1321— Notice of intent to demand payment
Ark. Code Ann. § 4-27-1322— Dissenters' notice
Ark. Code Ann. § 4-27-1323— Duty to demand payment
Ark. Code Ann. § 4-27-1324— Share restrictions
Ark. Code Ann. § 4-27-1325— Payment
Ark. Code Ann. § 4-27-1326— Failure to take action
Ark. Code Ann. § 4-27-1327— After-acquired shares
Ark. Code Ann. § 4-27-1328— Procedure if shareholder dissatisfied with payment or offer
Ark. Code Ann. § 4-27-1329— [Reserved.]
Ark. Code Ann. § 4-27-1330— Court action
Ark. Code Ann. § 4-27-1331— Court costs and counsel fees
Ark. Code Ann. § 4-27-1401— Dissolution by incorporators or initial directors
Ark. Code Ann. § 4-27-1402— Dissolution by board of directors and shareholders
Ark. Code Ann. § 4-27-1403— Articles of dissolution
Ark. Code Ann. § 4-27-1404— Revocation of dissolution
Ark. Code Ann. § 4-27-1405— Effect of dissolution
Ark. Code Ann. § 4-27-1406— Known claims against dissolved corporation
Ark. Code Ann. § 4-27-1407— Unknown claims against dissolved corporation
Ark. Code Ann. § 4-27-1408— — 4-27-1419. [Reserved.]
Ark. Code Ann. § 4-27-1420— Grounds for administrative dissolution. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-1420.1— Grounds for administrative dissolution. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-1421— Procedure for and effect of administrative dissolution
Ark. Code Ann. § 4-27-1422— Reinstatement following administrative dissolution
Ark. Code Ann. § 4-27-1423— Appeal from denial of reinstatement
Ark. Code Ann. § 4-27-1424— — 4-27-1429. [Reserved.]
Ark. Code Ann. § 4-27-1430— Grounds for judicial dissolution
Ark. Code Ann. § 4-27-1431— Procedure for judicial dissolution
Ark. Code Ann. § 4-27-1432— Receivership or custodianship
Ark. Code Ann. § 4-27-1433— Decree of dissolution
Ark. Code Ann. § 4-27-1434— — 4-27-1439. [Reserved.]
Ark. Code Ann. § 4-27-1440— Deposit with Treasurer of State
Ark. Code Ann. § 4-27-1501— Authority to transact business required
Ark. Code Ann. § 4-27-1502— Consequences of transacting business without authority
Ark. Code Ann. § 4-27-1503— Application for certificate of authority
Ark. Code Ann. § 4-27-1504— Amended certificate of authority
Ark. Code Ann. § 4-27-1505— Effect of certificate of authority
Ark. Code Ann. § 4-27-1506— Corporate name of foreign corporation
Ark. Code Ann. § 4-27-1507— — 4-27-1509. [Repealed.]
Ark. Code Ann. § 4-27-1510— Service on foreign corporation
Ark. Code Ann. § 4-27-1511— — 4-27-1519. [Reserved.]
Ark. Code Ann. § 4-27-1520— Withdrawal of foreign corporation
Ark. Code Ann. § 4-27-1521— — 4-27-1529. [Reserved.]
Ark. Code Ann. § 4-27-1530— Grounds for revocation. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-1530.1— Grounds for revocation. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-1531— Procedure for and effect of revocation
Ark. Code Ann. § 4-27-1532— Appeal from revocation
Ark. Code Ann. § 4-27-1601— Corporate records. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-1601.1— Corporate records. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-1602— Inspection of records by shareholders
Ark. Code Ann. § 4-27-1603— Scope of inspection right
Ark. Code Ann. § 4-27-1604— Court-ordered inspection
Ark. Code Ann. § 4-27-1605— — 4-27-1619. [Reserved.]
Ark. Code Ann. § 4-27-1620— Financial statements for shareholders
Ark. Code Ann. § 4-27-1621— Other reports to shareholders
Ark. Code Ann. § 4-27-1622— Annual franchise tax report for Secretary of State. [Effective until May 1, 2021.]
Ark. Code Ann. § 4-27-1622.1— Annual franchise tax report for Department of Finance and Administration. [Effective May 1, 2021.]
Ark. Code Ann. § 4-27-1701— Application to existing domestic corporations
Ark. Code Ann. § 4-27-1702— Application to qualified foreign corporations
Ark. Code Ann. § 4-27-1703— Saving provisions
Ark. Code Ann. § 4-27-1704— Severability
Ark. Code Ann. § 4-27-1705— Fees
Ark. Code Ann. § 4-27-1706— Effective date
Ark. Code Ann. § 4-27-1801— Share exchange
Ark. Code Ann. § 4-27-1802— Action on plan of share exchange
Ark. Code Ann. § 4-27-1803— Articles of share exchange
Ark. Code Ann. § 4-27-1804— Effect of share exchange
Ark. Code Ann. § 4-27-1901— Title
Ark. Code Ann. § 4-27-1902— Purpose
Ark. Code Ann. § 4-27-1903— Definitions
Ark. Code Ann. § 4-27-1904— Administration — Duties of the Secretary of State
Ark. Code Ann. § 4-27-1905— Funding
Ark. Code Ann. § 4-27-1906— Applications for licenses — Initial — Renewal
Ark. Code Ann. § 4-27-1907— Rules
Ark. Code Ann. § 4-27-1908— Noncompliance