Arkansas § 4-27-142 Number of shareholders

Arkansas Statutes

§ 4-27-142 — Number of shareholders

Arkansas § 4-27-142

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This text of Arkansas § 4-27-142 (Number of shareholders) 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. § 4-27-142 (2026).

Text

(a)For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder:

(1)three (3) or fewer coowners;

(2)a corporation, partnership, trust, estate, or other entity;

(3)the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(b)For purposes of this chapter, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.

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(a) For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder: (1) three (3) or fewer coowners; (2) a corporation, partnership, trust, estate, or other entity; (3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. (b) For purposes of this chapter, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.