A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
Subchapter 6 - Shares and Distributions
§ 4-27-620. Subscription for shares before incorporation
§ 4-27-621. Issuance of shares
§ 4-27-622. Liability of shareholders
§ 4-27-625. Form and content of certificates
§ 4-27-626. Shares without certificates
§ 4-27-627. Restriction on transfer of shares and other securities