Arkansas § 4-36-105 Election of status

Arkansas Statutes

§ 4-36-105 — Election of status

Arkansas § 4-36-105

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This text of Arkansas § 4-36-105 (Election of status) 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. § 4-36-105 (2026).

Text

(a)An existing business corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of § 4-27-202 , a statement that the corporation is a benefit corporation.

(b)To be effective, an amendment shall be adopted by at least the minimum status vote.

(c)If an entity is not a benefit corporation but is a constituent corporation or organization in a merger or conversion with a benefit corporation, the merger or conversion shall be approved by at least the minimum status vote.

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(a) An existing business corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of § 4-27-202 , a statement that the corporation is a benefit corporation. (b) To be effective, an amendment shall be adopted by at least the minimum status vote. (c) If an entity is not a benefit corporation but is a constituent corporation or organization in a merger or conversion with a benefit corporation, the merger or conversion shall be approved by at least the minimum status vote.