Arkansas Code § 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, whether or not entitled to vote, by the vote of the holders of two-thirds (2/3) of all outstanding shares entitled to vote thereon unless any class of shares is entitled to vote as a class, in which event the resolution of dissolution shall be adopted upon receiving the affirmative vote of the holders of two-thirds (2/3) of the outstanding shares of each class entitled to vote thereon as a class and of the total outstanding shares.

Section: 4-26-1102  4-26-1103  4-26-1104  4-26-1105  4-26-1106  4-26-1107  4-26-1108  4-26-1109    Next

Last modified: November 15, 2016