Arkansas § 4-33-1601 Conversion to a public water authority

Arkansas Statutes

§ 4-33-1601 — Conversion to a public water authority

Arkansas § 4-33-1601

Title4

This text of Arkansas § 4-33-1601 (Conversion to a public water authority) 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. § 4-33-1601 (2026).

Text

A corporation which meets the definition of a qualified corporation, as defined by § 4-35-103 , may adopt a plan to convert its entity status from that of a nonprofit corporation to a water authority pursuant to § 4-35-101 et seq., unless the articles or bylaws require otherwise, if the conversion is approved:

(1)By a majority of the members of the board of directors of the corporation; and (2) If the corporation has members, by the lesser of:

(A)Two-thirds (2/3) of the votes cast by the members in person or by proxy at a regular or special meeting of the members at which a quorum as defined in § 4-33-722 is present; or (B) A majority of the members.

Free access — add to your briefcase to read the full text and ask questions with AI

A corporation which meets the definition of a qualified corporation, as defined by § 4-35-103 , may adopt a plan to convert its entity status from that of a nonprofit corporation to a water authority pursuant to § 4-35-101 et seq., unless the articles or bylaws require otherwise, if the conversion is approved: (1) By a majority of the members of the board of directors of the corporation; and (2) If the corporation has members, by the lesser of: (A) Two-thirds (2/3) of the votes cast by the members in person or by proxy at a regular or special meeting of the members at which a quorum as defined in § 4-33-722 is present; or (B) A majority of the members.