Arkansas Code
Subchapter 4 - Dental Corporation Act
§ 4-29-401. Title and definitions

(a) This subchapter may be cited as the “Dental Corporation Act”.
(b) As used in this subchapter, unless the context otherwise requires:
(1) “Beneficial owner” means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2) “Professional service” means any type of professional service which may be legally performed only pursuant to license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3) “Shareholder” means either the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.

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