The board of directors may from time to time declare, and the corporation may pay, dividends on its outstanding shares, which dividends may be payable in cash or property or may be payable in the shares of the corporation. However, the declaration and payment of all dividends shall be subject to the provisions and restrictions contained in §§ 4-26-618 and 4-26-619.
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