Arkansas Code Title 4, Subtitle 3, Chapter 27, Subchapter 6, Part B - Issuance of Shares

• § 4-27-620 - Subscription for Shares Before Incorporation.
  (a) A subscription for shares entered into before incorporation is irrevocable for six months unless the subscription agreement provides a longer or shorter period...
• § 4-27-621 - Issuance of Shares.
  (a) The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation.(b) The...
• § 4-27-622 - Liability of Shareholders.
  (a) A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares...
• § 4-27-623 - Share Dividends.
  (a) Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation's shareholders or to the...
• § 4-27-624 - Share Options.
  A corporation may issue rights, options, or warrants for the purchase of shares of the corporation. The board of directors shall determine the terms...
• § 4-27-625 - Form and Content of Certificates.
  (a) Shares may but need not be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of...
• § 4-27-626 - Shares Without Certificates.
  (a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or...
• § 4-27-627 - Restriction on Transfer of Shares and Other Securities.
  (a) The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer...
• § 4-27-628 - Expense of Issue.
  A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for
• § 4-27-629 - [Reserved.]

Last modified: November 15, 2016