Arkansas Statutes
§ 23-69-127 — Consideration for stock
Arkansas § 23-69-127
JurisdictionArkansas
Title23
This text of Arkansas § 23-69-127 (Consideration for stock) 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. § 23-69-127 (2026).
Text
(a)Shares of stock of a domestic stock insurer shall be issued for a consideration having a value in the judgment of the insurer's board of directors of not less than the par value of the stock so issued.
(b)In the absence of fraud, or willful over-valuation or under-valuation in the transaction, the judgment of the directors as to the value of any consideration shall be conclusive.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1959, No. 148, § 480; A.S.A. 1947, § 66-4228.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
Citizens band radio equipmentCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 23-69-127, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-69-127.