Arkansas Code
Chapter 27 - Business Corporation Act of 1987
Subchapter 6 - Shares and Distributions

Part A - : Shares

§ 4-27-601. Authorized shares - (a) The articles of incorporation must prescribe the classes of...

§ 4-27-602. Terms of class or series determined by board of directors - (a) If the articles of incorporation so provide, the board...

§ 4-27-603. Issued and outstanding shares - (a) A corporation may issue the number of shares of...

§ 4-27-604. Fractional shares - (a) A corporation may: (1) issue fractions of a share...

Part B - : Issuance of Shares

§ 4-27-620. Subscription for shares before incorporation - (a) A subscription for shares entered into before incorporation is...

§ 4-27-621. Issuance of shares - (a) The powers granted in this section to the board...

§ 4-27-622. Liability of shareholders - (a) A purchaser from a corporation of its own shares...

§ 4-27-623. Share dividends - (a) Unless the articles of incorporation provide otherwise, shares may...

§ 4-27-624. Share options - A corporation may issue rights, options, or warrants for the...

§ 4-27-625. Form and content of certificates - (a) Shares may but need not be represented by certificates....

§ 4-27-626. Shares without certificates - (a) Unless the articles of incorporation or bylaws provide otherwise,...

§ 4-27-627. Restriction on transfer of shares and other securities - (a) The articles of incorporation, bylaws, an agreement among shareholders,...

§ 4-27-628. Expense of issue - A corporation may pay the expenses of selling or underwriting...

Part C - : Subsequent Acquisition of Shares by Shareholder and Corporation

§ 4-27-630. Shareholders' preemptive rights - (a) The shareholders of a corporation do not have a...

§ 4-27-631. Corporation's acquisition of its own shares - (a) A corporation may acquire its own shares, and shares...

Part D - : Distributions

§ 4-27-640. Distributions to shareholders - (a) A board of directors may authorize and the corporation...