Arkansas Code Title 4, Subtitle 3, Chapter 26, Subchapter 10 - Conversion and Merger

• § 4-26-1001 - Definitions.
  As used in this subchapter: (1) "Constituent corporation" means a constituent organization that is a corporation; (2) "Constituent organization" means an organization that is...
• § 4-26-1002 - Conversion.
  (a) An organization other than a corporation may convert to a corporation, and a corporation may convert to another organization under this section and...
• § 4-26-1003 - Action on Plan of Conversion by Converting Corporation.
  (a) A plan of conversion may be approved if the: (1) Board of directors recommends the plan of conversion to the shareholders, unless the...
• § 4-26-1004 - Filings Required for Conversion -- Effective Date.
  (a) (1) After a plan of conversion is approved a converting corporation shall file articles of conversion with the Secretary of State. (2) The...
• § 4-26-1005 - Effect of Conversion.
  (a) An organization that has been converted under this subchapter is for all purposes the same entity that existed before the conversion.(b) When a...
• § 4-26-1006 - Merger.
  (a) A corporation may merge with one (1) or more other constituent organizations under this section and §§ 4-26-1007 -- 4-26-1010 and a plan...
• § 4-26-1007 - Action on Plan of Merger by Constituent Corporation.
  (a) Except as provided in subsection (g) of this section and after adopting a plan of merger, the board of directors of each corporation...
• § 4-26-1008 - Merger of Subsidiary.
  (a) A parent corporation owning at least ninety percent (90%) of the outstanding shares of each class of a subsidiary corporation may merge the...
• § 4-26-1009 - Filings Required for Merger -- Effective Date.
  (a) After each constituent organization has approved a merger, articles of merger must be signed by an authorized representative of each constituent organization.(b) The...
• § 4-26-1010 - Effect of Merger.
  (a) When a merger becomes effective: (1) The surviving organization continues or comes into existence; (2) Each constituent organization that merges into the surviving...
• § 4-26-1011 - Rights of Dissenting Shareholders.
  (a) If a conversion or merger is effected under this subchapter, the surviving or new organization shall pay to a shareholder of a corporation...
• § 4-26-1012 - Chapter Not Exclusive.
  This chapter does not preclude an organization from being converted or merged under other law.

Last modified: November 15, 2016