Arkansas § 4-36-105 Election of status

Arkansas Statutes

§ 4-36-105 — Election of status

(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.

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