Arkansas Statutes
§ 4-28-219 — Shares of stock and dividends prohibited
Arkansas·Title 4
(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
Presumptions