Arkansas § 4-33-1401 Dissolution by incorporators or directors and third persons

Arkansas Statutes

§ 4-33-1401 — Dissolution by incorporators or directors and third persons

Arkansas § 4-33-1401

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This text of Arkansas § 4-33-1401 (Dissolution by incorporators or directors and third persons) 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. § 4-33-1401 (2026).

Text

(a)A majority of the incorporators or directors of a corporation that has no members may, subject to any approval required by the articles or bylaws, dissolve the corporation by delivering to the Secretary of State articles of dissolution.

(b)The corporation shall give notice of any meeting at which dissolution will be approved. The notice shall be in accordance with § 4-33-822(c) . The notice must also state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the corporation.

(c)The incorporators or directors in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been paid.

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(a) A majority of the incorporators or directors of a corporation that has no members may, subject to any approval required by the articles or bylaws, dissolve the corporation by delivering to the Secretary of State articles of dissolution. (b) The corporation shall give notice of any meeting at which dissolution will be approved. The notice shall be in accordance with § 4-33-822(c) . The notice must also state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the corporation. (c) The incorporators or directors in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been paid.