Arkansas § 4-27-1325 Payment

Arkansas Statutes

§ 4-27-1325 — Payment

Arkansas § 4-27-1325

Title4

This text of Arkansas § 4-27-1325 (Payment) 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. § 4-27-1325 (2026).

Text

(a)Except as provided in § 4-27-1327 , as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with § 4-27-1323 the amount the corporation estimates to be the fair value of his shares, plus accrued interest.

(b)The payment must be accompanied by:

(1)the corporation's balance sheet as of the end of a fiscal year ending not more than sixteen (16) months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;

(2)a statement of the corporation's estimate of the fair value of the shares;

(3)an explanation of how the interest was calculated;

(4)a statement of the dissenter's

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(a) Except as provided in § 4-27-1327 , as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with § 4-27-1323 the amount the corporation estimates to be the fair value of his shares, plus accrued interest. (b) The payment must be accompanied by: (1) the corporation's balance sheet as of the end of a fiscal year ending not more than sixteen (16) months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any; (2) a statement of the corporation's estimate of the fair value of the shares; (3) an explanation of how the interest was calculated; (4) a statement of the dissenter's right to demand payment under § 4-27-1328 ; and (5) a copy of this subchapter.