Arkansas § 6-2-103 Purpose - Use of funds or property

Arkansas Statutes

§ 6-2-103 — Purpose - Use of funds or property

Arkansas § 6-2-103

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This text of Arkansas § 6-2-103 (Purpose - Use of funds or property) 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. § 6-2-103 (2026).

Text

(a)The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association.

(b)It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by the person, conference, convention, association, synod, or other body under whose auspices the institution may have been established or for whose benefit it may be maintained, or by which it may be controlled.

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(a) The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association. (b) It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by the person, conference, convention, association, synod, or other body under whose auspices the institution may have been established or for whose benefit it may be maintained, or by which it may be controlled.