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2-2-311. Regular disposition of property.

Arkansas Code — all titles (historical 2020) · legal_authorities

2-2-311. Regular disposition of property.

2-2-311. Regular disposition of property. The sale, lease, or exchange of all or substantially all of the property and assets of an association, when made in the usual and regular course of the business of the association, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property, including shares of any other domestic or foreign association, as shall be authorized by its board of directors, and no authorization or consent of the members shall be required.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-2-311

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Record provenance

Stable record: arkansas_code:legal_authorities:2-2-311
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d799c7063da96fea567d6f80e6683a7fa74eee0a207bf7604930c06dd3f43a02

Source location: content.xml paragraph 637

Stored source content

2-2-311. Regular disposition of property. The sale, lease, or exchange of all or substantially all of the property and assets of an association, when made in the usual and regular course of the business of the association, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property, including shares of any other domestic or foreign association, as shall be authorized by its board of directors, and no authorization or consent of the members shall be required.

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