Arkansas Code Title 4, Subtitle 3, Chapter 28, Subchapter 2 - Arkansas Nonprofit Corporation Act

• § 4-28-201 - Title.
  Sections 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 shall be known as the "Arkansas Nonprofit Corporation Act".
• § 4-28-202 - Definitions.
  As used in §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224, unless the context otherwise requires: (1) "Board of directors" means the group of...
• § 4-28-203 - Applicability of Subchapter.
  (a) The provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 relating to domestic corporations shall apply to: (1) All corporations organized hereunder;...
• § 4-28-204 - Effect on Preexisting Corporations.
  (a) The provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 shall in no way affect any nonprofit corporation chartered under and in...
• § 4-28-205 - Lawful Purposes.
  Corporations may be organized under §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 for any lawful purpose including, without being limited to any one...
• § 4-28-206 - Articles of Incorporation Generally.
  (a) Any association of persons desirous of becoming incorporated under the provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 shall file with...
• § 4-28-207 - Charitable, Religious, Etc., Organizations -- Amendment of Articles of Incorporation by Operation of Law.
  Notwithstanding any provision of Arkansas law or in the articles of incorporation to the contrary, the articles of incorporation of each nonprofit corporation organized...
• § 4-28-208 - Private Foundations -- Amendment of Articles of Incorporation by Operation of Law.
  (a) Notwithstanding any provision in the laws of this state, including the provisions of the Arkansas Nonprofit Corporation Act, §§ 4-28-201 -- 4-28-206 and...
• § 4-28-209 - Powers.
  Each corporation shall have power: (1) To have perpetual succession by its corporate name unless a limited period of duration is stated in its...
• § 4-28-210 - Members.
  (a) A corporation may have one (1) or more classes of members, or may have no members, as provided in the articles of incorporation.(b)...
• § 4-28-211 - Board of Directors.
  (a) The directors constituting the first board of directors shall be named in the articles of incorporation and shall hold office until their successors...
• § 4-28-212 - Voting.
  (a) Each member shall be entitled to one (1) vote in the election of the board of directors. Where more than one (1) membership...
• § 4-28-213 - Officers.
  (a) The officers of a corporation shall consist of a president, vice president, secretary, treasurer, and such other officers and assistant officers as may...
• § 4-28-214 - Registered Agent -- Service of Process.
  (a) Each corporation shall maintain a registered agent at its principal office or place of business upon whom may be served any process, notice,...
• § 4-28-215 - Compensation and Reimbursement to Members, Directors, Officers, Etc.
  (a) A corporation may pay compensation in a reasonable amount to its members, directors, or officers for services rendered and may confer benefits upon...
• § 4-28-216 - Powers of Secretary of State.
  (a) The Secretary of State may propound to any corporation, domestic or foreign, subject to the provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209...
• § 4-28-217 - Regulations by State Agencies Applicable.
  (a) If any nonprofit corporation established under §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 engages in any activity controlled or regulated by any...
• § 4-28-218 - Books and Accounting Records.
  (a) Each corporation shall keep correct and complete books and records of account.(b) All receipts of moneys and expenditures shall be properly recorded according...
• § 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...
• § 4-28-220 - Loans to Directors and Officers Prohibited.
  (a) No loans shall be made by a corporation to its directors or officers.(b) The directors of a corporation who vote for or assent...
• § 4-28-221 - Admission of Foreign Corporation.
  (a) Prior to conducting affairs in this state, a foreign corporation shall first procure a certificate of authority from the Secretary of State.(b) Application...
• § 4-28-222 - Involuntary Dissolution.
  A corporation incorporated under the provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 may be dissolved involuntarily by a decree of the...
• § 4-28-223 - Fees to Be Paid to Secretary of State.
  The Secretary of State shall charge and collect the fees provided under § 4-33-122 for filing the articles of incorporation, amendments, and other filings...
• § 4-28-224 - Corporation's Acceptance of Votes.
  (a) If the name signed on a vote, consent, waiver, or proxy appointment corresponds to the name of a member, the corporation, if acting...
• § 4-28-225 - Conversion to Public Water Authority.
  (a) A corporation which meets the definition of a qualified corporation, as defined by § 4-35-103, may adopt a plan to convert its entity...

Last modified: November 15, 2016