The reasonable charges and expenses of organization or reorganization of a corporation and the reasonable expenses of and compensation for the sale or underwriting of its shares may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering such shares not fully paid and nonassessable.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 26 - Business Corporations Generally
Subchapter 6 - Corporate Finance
§ 4-26-601. Authorized shares generally — Preferred or special classes
§ 4-26-602. Shares of preferred or special classes — Issuance in series
§ 4-26-603. Subscriptions for shares
§ 4-26-604. Consideration for shares generally
§ 4-26-605. Payment for shares
§ 4-26-606. Payment of expenses of organization, reorganization, financing, etc
§ 4-26-607. Stated capital — Capital surplus — Earned surplus
§ 4-26-608. Signed certificates representing shares
§ 4-26-609. Issuance of fractional shares or scrip
§ 4-26-610. Restrictions on transfer of shares
§ 4-26-611. Acquisition or disposition of corporation's own shares
§ 4-26-612. Treasury shares — Cancellation
§ 4-26-613. Redeemable shares — Restrictions on redemption or purchase
§ 4-26-614. Redeemable shares — Cancellation by redemption or purchase
§ 4-26-615. Reduction of stated capital
§ 4-26-616. Surplus, net profits, and valuation of assets
§ 4-26-617. Dividends — General powers of board
§ 4-26-619. Dividends other than in shares of the corporation