Arkansas § 4-36-102 Application of chapter

Arkansas Statutes

§ 4-36-102 — Application of chapter

(a)This chapter shall apply to all benefit corporations.

(b)This chapter does not imply that a contrary statute or rule of law applies to a business corporation that is not a benefit corporation.

(c)(1) Except as otherwise provided in this chapter, the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., is generally applicable to a benefit corporation.

(2)Specific provisions of this chapter shall control over the general provisions of the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq.

(3)A benefit corporation may be simultaneously subject to this chapter and other statutes that provide for the incorporation of a specific type of business corporation.

(d)The articles of incorporation or bylaws of a benefit corporation shall not limit, relax, be inconsistent w

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(a) This chapter shall apply to all benefit corporations. (b) This chapter does not imply that a contrary statute or rule of law applies to a business corporation that is not a benefit corporation. (c) (1) Except as otherwise provided in this chapter, the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., is generally applicable to a benefit corporation. (2) Specific provisions of this chapter shall control over the general provisions of the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq. (3) A benefit corporation may be simultaneously subject to this chapter and other statutes that provide for the incorporation of a specific type of business corporation. (d) The articles of incorporation or bylaws of a benefit corporation shall not limit, relax, be inconsistent with, or supersede this chapter.

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