§ 23-18-302 — Definitions

Arkansas § 23-18-302

• Jurisdiction: Arkansas
• Title: 23

Text

As used in this subchapter, unless the context otherwise requires: (1) "Acquire" means and includes to construct or acquire by purchase, lease, devise, gift, or other mode of acquisition; (2) "Board" means a board of directors of a corporation organized under this subchapter; (3) "Corporation" means a corporation organized pursuant to the provisions of this subchapter; (4) "Federal agency" includes the United States and any department, administration, commission, board, bureau, office, establishment, agency, authority, or instrumentality of the United States; (5) "Member" means the incorporators of a corporation and each person thereafter lawfully admitted to membership therein; (6) "Obligations" includes bonds, notes, debentures, interim certificates or receipts, and all other evidences of indebtedness issued by a corporation; and (7) "Person" includes any natural person, firm, association, corporation, business trust, partnership, federal agency, state or political subdivision thereof, or any body politic.

Legislative History

Acts 1937, No. 342, § 2; Pope's Dig., § 2316; Acts 1955, No. 85, § 1; 1957, No. 103, § 1; A.S.A. 1947, § 77-1102; Acts 1999, No. 1556, § 11.