Arkansas Code Title 2, Subtitle 1, Chapter 2, Subchapter 3 - Merger and Consolidation

• § 2-2-301 - Applicability.
  Except as otherwise provided in this subchapter, the provisions of this subchapter shall apply exclusively to the merger, consolidation, mortgage, sale, and lease of...
• § 2-2-302 - Provisions Supplemental.
  (a) The provisions of this subchapter shall be supplemental to, and part of, §§ 2-2-101 -- 2-2-124, 2-2-201, and 2-2-202, and legislation amendatory and...
• § 2-2-303 - Procedure for Merger.
  (a) Any two (2) or more domestic associations created pursuant to § 2-2-101 et seq. may merge into one (1) of these associations pursuant...
• § 2-2-304 - Procedure for Consolidation.
  (a) Any two (2) or more domestic associations created pursuant to § 2-2-101 et seq. may consolidate into a new association pursuant to a...
• § 2-2-305 - Approval by Members -- Abandonment.
  (a) (1) Upon approving the plan of merger or plan of consolidation, the board of directors of each association by resolution shall direct the...
• § 2-2-306 - Articles of Merger or Consolidation.
  Upon approval, articles of merger or articles of consolidation shall be executed by each association and filed in accordance with this subchapter, which shall...
• § 2-2-307 - Effect of Merger or Consolidation.
  (a) The merger or consolidation shall become effective upon the filing in accordance with this subchapter of articles of merger or consolidation or at...
• § 2-2-308 - Merger or Consolidation of Domestic and Foreign Associations.
  (a) One (1) or more foreign associations and one (1) or more domestic associations may be merged or consolidated in the following manner if...
• § 2-2-309 - Continuance of Association Existence for Title Transfers.
  (a) (1) The existence of each constituent association which has been dissolved through merger or consolidation shall be continued indefinitely without franchise tax liability...
• § 2-2-310 - No Approval for Financial Obligations -- Exception.
  (a) The board of directors shall not be required to procure any consent from or authorization by the members, except in the instance of...
• § 2-2-311 - Regular Disposition of Property.
  The sale, lease, or exchange of all or substantially all of the property and assets of an association, when made in the usual and...
• § 2-2-312 - Disposition of Property Other Than in Regular Course of Business.
  A sale, lease, or exchange of all or substantially all the property and assets, with or without the goodwill of an association, if not...
• § 2-2-313 - Rights of Shareholders, Members, and Patrons.
  (a) The merger or consolidation of an association under this subchapter shall constitute an assignment to the surviving or new association of all rights...

Last modified: November 15, 2016