Arkansas Statutes
§ 4-26-902 — Sale, lease, or exchange of assets in regular course of business
Arkansas·Title 4
The sale, lease, or exchange of all or substantially all the property and assets of a corporation, when made in the usual and regular course of the business of the corporation, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property including shares of any other domestic or foreign corporation, as shall be authorized by its board of directors. In this case, no authorization or consent of the shareholders shall be required.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 4-26-902 (Sale, lease, or exchange of assets in regular course of business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1965, No. 576, § 79; A.S.A. 1947, § 64-802.
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
Presumptions