Arkansas Statutes
§ 4-26-206 — Prerequisite to commencing business
Arkansas § 4-26-206
JurisdictionArkansas
Title4
This text of Arkansas § 4-26-206 (Prerequisite to commencing business) 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. § 4-26-206 (2026).
Text
A corporation shall not transact any business or incur any indebtedness, except such as shall be incidental to its organization or to obtaining subscriptions to or payment for its shares until there has been paid in for the issuance of shares consideration of the value of at least three hundred dollars ($300).
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Legislative History
Acts 1965, No. 576, § 57; A.S.A. 1947, § 64-504.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-26-206, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-26-206.