Arkansas Code
Subchapter 6 - Entity Transactions Restricted
§ 4-37-602. Protected series may not be party to entity transaction

A protected series may not:
(1) be an acquiring, acquired, converting, converted, merging, or surviving entity;
(2) participate in a domestication; or
(3) be a party to or be formed, organized, established, or created in a transaction substantially like a merger, interest exchange, conversion, or domestication.