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23-11-315. Corporations formed to purchase or lease railroads — Stock issued in payment deemed fully paid shares.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-11-315. Corporations formed to purchase or lease railroads — Stock issued in payment deemed fully paid shares.
(a) Subject to the provisions of Acts 1959, No. 30, corporations may be formed for the purpose of purchasing or leasing the whole or any part of any railroad, and that purpose or object shall be stated in the application and articles of incorporation.
(b) All shares of stock issued in payment of the purchase shall be deemed to be fully paid shares.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-11-315
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:23-11-315
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c5c3130269f70129231a61b9873f956039d15ee8c3636585b0eb814b54b8f60c
Source location: content.xml paragraph 6449
Stored source content
23-11-315. Corporations formed to purchase or lease railroads — Stock issued in payment deemed fully paid shares.
(a) Subject to the provisions of Acts 1959, No. 30, corporations may be formed for the purpose of purchasing or leasing the whole or any part of any railroad, and that purpose or object shall be stated in the application and articles of incorporation.
(b) All shares of stock issued in payment of the purchase shall be deemed to be fully paid shares.
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