Arkansas Statutes
§ 4-30-112 — Percentage of stock ownership limited - Voting by members
Arkansas·Title 4
(a)No person shall be allowed to own or have an interest in more than ten percent (10%) of the capital stock of the corporation.
(b)Voting upon all questions shall be by members and not by stock.
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Legislative History
Acts 1921, No. 632, § 8; Pope's Dig., § 2270; A.S.A. 1947, § 64-1509.
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