Arkansas § 23-11-307 Consolidation with foreign corporation

Arkansas Statutes

§ 23-11-307 — Consolidation with foreign corporation

Arkansas § 23-11-307

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This text of Arkansas § 23-11-307 (Consolidation with foreign corporation) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-11-307 (2026).

Text

(a)Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.

(b)The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.

(c)(1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.

(2)Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.

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(a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law. (b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts. (c) (1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line. (2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.