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23-11-307. Consolidation with foreign corporation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-11-307. Consolidation with foreign corporation.
(a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.
(b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.
(c)(1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.
(2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-11-307
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:23-11-307
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 50dadd08e762743fa51d99aac3feedf348a3e5269d841e7bc93a8a60b33d101e
Source location: content.xml paragraph 6350
Stored source content
23-11-307. Consolidation with foreign corporation.
(a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.
(b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.
(c)(1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.
(2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.
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