Arkansas § 23-73-110 Legal existence

Arkansas Statutes

§ 23-73-110 — Legal existence

Arkansas § 23-73-110

Title23

This text of Arkansas § 23-73-110 (Legal existence) 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. § 23-73-110 (2026).

Text

(a)The legal existence of the association begins from the date of the Insurance Commissioner's certificate authorizing it to begin business.

(b)Thereupon the board of directors named in its articles may:

(1)Adopt bylaws which shall be filed with the commissioner within thirty (30) days after adoption;

(2)Accept applications for insurance; and (3) Transact business of the association, except that it shall not insure any property or issue any policies until it has received a certificate of authority to transact insurance as provided for in this chapter.

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(a) The legal existence of the association begins from the date of the Insurance Commissioner's certificate authorizing it to begin business. (b) Thereupon the board of directors named in its articles may: (1) Adopt bylaws which shall be filed with the commissioner within thirty (30) days after adoption; (2) Accept applications for insurance; and (3) Transact business of the association, except that it shall not insure any property or issue any policies until it has received a certificate of authority to transact insurance as provided for in this chapter.