Arkansas Statutes
§ 4-28-219 — Shares of stock and dividends prohibited
Arkansas § 4-28-219
JurisdictionArkansas
Title4
This text of Arkansas § 4-28-219 (Shares of stock and dividends prohibited) 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. § 4-28-219 (2026).
Text
(a)A corporation shall not have or issue shares of stock.
(b)No dividend shall be paid and no part of the income of a corporation shall be distributed to its members, directors, or officers.
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Related
Melanie Foster; Forest Roberts; Kathryn Clark; Christie Waggoner; Sawney Huckabay; And Allen Family Farm, Inc., an Arkansas Non-Profit Corporation v. Carla Muruaga-Atkins; Carol Ann Martin, Individually; Laura Martin, Individually; Laura Martin, as Mother and Next Friend of Two Unemancipated Minor Children; Caitlyn Peterson, Individually; Caitlyn Peterson, as Mother and Next Friend of Three Unemancipated Minor Children; And Kathryn Ahlefeld
2024 Ark. App. 526 (Court of Appeals of Arkansas, 2024)
Opinion No.
(Arkansas Attorney General Reports, 2007)
Legislative History
Acts 1963, No. 176, § 8; A.S.A. 1947, § 64-1908.
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 § 4-28-219, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-28-219.