Arkansas Code Title 4, Subtitle 3, Chapter 26, Subchapter 11 - Dissolution and Liquidation

• § 4-26-1101 - Authorization of Dissolution.
  (a) A corporation may be dissolved.(b) The dissolution shall be authorized at a meeting of shareholders which is held after notice to all shareholders,...
• § 4-26-1102 - Certificate of Dissolution.
  (a) After a dissolution has been voted by the shareholders, a certificate of dissolution shall be executed by the president or a vice-president of...
• § 4-26-1103 - Procedure After Dissolution.
  After dissolution: (1) The corporation shall carry on no business except for the purpose of winding up its affairs; (2) The corporation shall proceed...
• § 4-26-1104 - Corporate Action and Remedies After Dissolution.
  (a) A dissolved corporation, its directors, officers, and shareholders, may continue to function for the sole purpose of winding up the affairs of the...
• § 4-26-1105 - Notice to Creditors -- Filing or Barring Claims.
  (a) (1) At any time after dissolution, the corporation may, at its option, give a notice requiring all creditors and claimants, including any with...
• § 4-26-1106 - Jurisdiction of Court to Supervise Liquidation.
  (a) At any time after dissolution of a corporation, the circuit court, upon the petition of the corporation or, in a situation approved by...
• § 4-26-1107 - Involuntary Dissolution.
  (a) A corporation may be dissolved involuntarily by a decree of the circuit court of the county in which its principal place of business...
• § 4-26-1108 - Jurisdiction of Court to Liquidate Assets and Business of Corporation.
  (a) The circuit court shall have full power to liquidate the assets and business of a corporation: (1) In an action by a shareholder...
• § 4-26-1109 - Deposit With Treasurer of State of Amount Due Certain Creditors or Shareholders.
  Upon the liquidation of a corporation, whether before or after dissolution, the portion of the assets distributable to a creditor or shareholder who is...

Last modified: November 15, 2016