Arkansas § 4-28-303 Domestic corporations - Consolidation pursuant to plan

Arkansas Statutes

§ 4-28-303 — Domestic corporations - Consolidation pursuant to plan

Arkansas § 4-28-303

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This text of Arkansas § 4-28-303 (Domestic corporations - Consolidation pursuant to plan) 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. § 4-28-303 (2026).

Text

(a)Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this subchapter.

(b)Each corporation shall adopt a plan of consolidation setting forth:

(1)The names of the corporations proposing to consolidate;

(2)The name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(3)The terms and conditions of the proposed consolidation;

(4)With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Arkansas Nonprofit Corporation Act, § 4-28-201 et seq.; and (5) Any other provisions with respect to the proposed consolidation as are deemed necessa

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(a) Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this subchapter. (b) Each corporation shall adopt a plan of consolidation setting forth: (1) The names of the corporations proposing to consolidate; (2) The name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation; (3) The terms and conditions of the proposed consolidation; (4) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Arkansas Nonprofit Corporation Act, § 4-28-201 et seq.; and (5) Any other provisions with respect to the proposed consolidation as are deemed necessary or desirable.