Arkansas Code § 4-28-219 - Shares of Stock and Dividends Prohibited

(a) A corporation shall not have or issue shares of stock.

(b) No dividend shall be paid and no part of the income of a corporation shall be distributed to its members, directors, or officers.

Section: Previous  4-28-212  4-28-213  4-28-214  4-28-215  4-28-216  4-28-217  4-28-218  4-28-219  4-28-220  4-28-221  4-28-222  4-28-223  4-28-224  4-28-225    Next

Last modified: November 15, 2016