Arkansas Code Title 4, Subtitle 3, Chapter 27, Subchapter 6, Part a - Shares
§ 4-27-601 - Authorized Shares.
(a) The articles of incorporation must prescribe the classes of shares, the number of shares of each class that the corporation is authorized to...
§ 4-27-603 - Issued and Outstanding Shares.
(a) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued...
§ 4-27-604 - Fractional Shares.
(a) A corporation may: (1) issue fractions of a share or pay in money the value of fractions of a share; (2) arrange for...