Arkansas Code
Subchapter 2 - Railroad Incorporation Act of 1959
§ 23-11-202. Definitions

(a) For purposes of this subchapter, unless the context otherwise requires:
(1) “Department” means the Arkansas Department of Transportation or such other department as may be created or established for the purpose of regulation of common carriers in the State of Arkansas; and
(2) “Railroad corporation” shall be deemed to include all corporations having as an object or purpose the operation, upon rails or any similar device, of rolling stock, railroad cars, engines, locomotives, motor cars, and other equipment of all types designed or intended to be operated upon rails; where such operation involves the movement or transportation of persons, goods, or property belonging to or being transported to or from any other person, firm, or corporation, and a charge, tariff, or levy is exacted as payment, reimbursement, or compensation for the movement or transportation; and where the source of power or means of locomotion is transmitted through or provided by an engine, locomotive, or other mechanical or electrical device moving or operating or designed to move upon rails or similar devices.

(b) The provisions of this subchapter shall not apply to the transportation of passengers by rail in scenic or excursion type service. Any individual, corporation, limited liability company, partnership or association providing such a service shall be exempt from the jurisdiction of the department, provided that the operations are subject to the safety regulations and jurisdiction of the Federal Railroad Administration.

Structure Arkansas Code

Arkansas Code

Title 23 - Public Utilities and Regulated Industries

Subtitle 1 - Public Utilities And Carriers

Chapter 11 - Establishment and Organization of Railroads

Subchapter 2 - Railroad Incorporation Act of 1959

§ 23-11-201. Title

§ 23-11-202. Definitions

§ 23-11-203. Articles of incorporation

§ 23-11-204. Formation of railroad corporation — Application — Contents

§ 23-11-205. Application for incorporation — Hearing — Order of department

§ 23-11-206. Issuance of charter

§ 23-11-207. Filing of papers — Effect

§ 23-11-208. Characteristics and powers generally of corporation

§ 23-11-209. Specific powers and liabilities

§ 23-11-210. Stockholders' first meeting

§ 23-11-211. Annual and special meetings of stockholders

§ 23-11-212. Voting of shares generally

§ 23-11-213. Board of directors — Members

§ 23-11-214. Board of directors — Meetings

§ 23-11-215. Board of directors — Powers generally

§ 23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security

§ 23-11-217. Dividends — Declaration and payment by board of directors

§ 23-11-218. Officers and committees of board of directors

§ 23-11-219. Subscription contracts for sale of stock

§ 23-11-220. Amendment of articles of incorporation

§ 23-11-221. Dissolution or liquidation of railroad corporation

§ 23-11-222. Corporations existing prior to June 11, 1959 — Application of subchapter — Extension of existence

§ 23-11-223. Corporations existing prior to June 7, 1945 — Extension of charter