Arkansas § 23-75-115 Use of surplus

Arkansas Statutes

§ 23-75-115 — Use of surplus

Arkansas § 23-75-115

Title23

This text of Arkansas § 23-75-115 (Use of surplus) 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. § 23-75-115 (2026).

Text

Any surplus in excess of all reserves established by the directors of the corporation and shown in the annual report of a corporation may be used by the corporation for the following purposes in the order of priority shown:

(1)To liquidate on a pro rata basis any losses incurred by hospitals, physicians, and surgeons, or other similar institutions or persons, upon the settlement of bills with the corporation in any previous years;

(2)To return the original working capital contribution to the corporation, or any part thereof, on a pro rata basis; and (3) To reduce rates charged subscribers or to expand the services rendered to them.

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Any surplus in excess of all reserves established by the directors of the corporation and shown in the annual report of a corporation may be used by the corporation for the following purposes in the order of priority shown: (1) To liquidate on a pro rata basis any losses incurred by hospitals, physicians, and surgeons, or other similar institutions or persons, upon the settlement of bills with the corporation in any previous years; (2) To return the original working capital contribution to the corporation, or any part thereof, on a pro rata basis; and (3) To reduce rates charged subscribers or to expand the services rendered to them.