Arkansas Code
Subchapter 18 - Share Exchange
§ 4-27-1804. Effect of share exchange

When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to:
(1) The exchange rights provided in the articles of share exchange; or
(2) The rights of the former holders of the shares under § 4-27-1301 et seq.