Arkansas Code

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Subchapter 1 — General Provisions

• Section23-69-101. Scope.
• Section23-69-102. Definitions.
• Section23-69-103. Inapplicability of general corporation statutes.
• Section23-69-104. Powers of company not enlarged.
• Section23-69-105. Incorporation.
• Section23-69-106. Articles of incorporation — Filing and approval.
• Section23-69-107. Articles of incorporation — Amendment.
• Section23-69-108. Officers.
• Section23-69-109. Pecuniary interest of officers, directors, employees, etc.
• Section23-69-110. Vacancies on the board of directors.
• Section23-69-111. Corporate powers and duties.
• Section23-69-112. Initial qualifications — Domestic mutuals.
• Section23-69-113. Formation of nonlife mutual insurer — Deposit required.
• Section23-69-114. Formation of nonlife mutual insurer — Applications for insurance.
• Section23-69-115. Trust deposit of premiums — Issuance of policies — Mutual insurers.
• Section23-69-116. Failure to complete organization — Mutual insurers.
• Section23-69-117. Additional kinds of insurance — Mutual insurers.
• Section23-69-118. Membership — Mutual insurers.
• Section23-69-119. Bylaws — Mutual insurers.
• Section23-69-120. Meetings of stockholders or members.
• Section23-69-121. Stockholders' voting rights.
• Section23-69-122. Proxies — Stock insurers.
• Section23-69-123. Buying of vote or proxy — Corrupt and dishonest practices prohibited.
• Section23-69-124. Contingent liability of nonlife mutual members.
• Section23-69-125. Contingent liability and assessability of policies — Mutual insurers.
• Section23-69-126. Participating policies.
• Section23-69-127. Consideration for stock.
• Section23-69-128. Transfer of stock.
• Section23-69-129. Dividends to stockholders.
• Section23-69-130. Dividends to mutual policyholders.
• Section23-69-131. Unauthorized dividends prohibited.
• Section23-69-132. Borrowed surplus.
• Section23-69-133. Stockholders' liability.
• Section23-69-134. Maintenance of home office and records.
• Section23-69-135. Evidence of disbursement required.
• Section23-69-136. Situs of personal property for taxation.
• Section23-69-137. Management and exclusive agency contracts.
• Section23-69-138. Impairment of capital or assets.
• Section23-69-139. Assessment of stockholders or members.
• Section23-69-140. Mutualization of stock insurers.
• Section23-69-141. Converting mutual insurer to stock insurer.
• Section23-69-142. Mergers and consolidations and acquisition by exchange of stock.
• Section23-69-143. Mergers and consolidations — Mutual insurers.
• Section23-69-144. Agreement or adoption of plan for merger, consolidation, or plan of exchange of shares.
• Section23-69-145. Effect of merger or consolidation.
• Section23-69-146. Effect of exchange under plan of exchange.
• Section23-69-147. Acquiring and acquired corporations under a plan of exchange to be separate.
• Section23-69-148. Nonconsenting stockholders.
• Section23-69-149. Assumption reinsurance — Stock insurers.
• Section23-69-150. Assumption reinsurance — Mutual insurers.
• Section23-69-151. Voluntary dissolution — Procedure.
• Section23-69-152. Dissolution — Directors to act as trustees.
• Section23-69-153. Dissolution — Continuation for suits and settling business.
• Section23-69-154. Voluntary dissolution — Distribution of assets to stockholders.
• Section23-69-155. Liquidation — Mutual member's share of assets.
• Section23-69-156. Nonactive corporate charter — Nullification.