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23-75-106. Incorporation — Amendments to articles or bylaws.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-75-106. Incorporation — Amendments to articles or bylaws.
(a) Any corporation shall hereafter be organized under the laws of this state relating to private corporations not for pecuniary profit, insofar as the laws are not inconsistent with this chapter.
(b)(1) Upon adoption of an amendment to its articles of incorporation or bylaws, the corporation shall make in duplicate under its corporate seal a certificate setting forth the amendment and the date and manner of its adoption.
(2) The certificate shall be:
(A) Executed by the corporation's president or vice president and secretary or assistant secretary; and
(B) Acknowledged before an officer authorized by law to take acknowledgments of deeds.
(3) The corporation shall deliver to the Insurance Commissioner:
(A) A duplicate original of the certificate; and
(B)(i) The filing fee that is:
(a) Specified in § 23-61-401; or
(b) Established by rule of the commissioner.
(ii) The filing fee is not refundable.
(4) If the commissioner finds that the certificate and the amendment comply with the law, the commissioner shall:
(A) Endorse his or her approval upon each of the duplicate originals;
(B) Place one (1) set on file in his or her office; and
(C) Return the remaining set to the corporation for its corporate records.
(5) The amendment shall be effective when the commissioner has endorsed his or her approval on the certificate.
(6) If the commissioner finds that the proposed amendment or certificate does not comply with the law, the commissioner shall:
(A) Not approve the certificate;
(B) Return the duplicate certificate to the corporation with his or her written statement of reasons for not approving the certificate; and
(C) Retain the filing fee.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-75-106
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:23-75-106
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c82e7e001d68e1e66f8984d3f65ae15f2c83561a4702e2c19605b17182d17256
Source location: content.xml paragraph 43240
Stored source content
23-75-106. Incorporation — Amendments to articles or bylaws.
(a) Any corporation shall hereafter be organized under the laws of this state relating to private corporations not for pecuniary profit, insofar as the laws are not inconsistent with this chapter.
(b)(1) Upon adoption of an amendment to its articles of incorporation or bylaws, the corporation shall make in duplicate under its corporate seal a certificate setting forth the amendment and the date and manner of its adoption.
(2) The certificate shall be:
(A) Executed by the corporation's president or vice president and secretary or assistant secretary; and
(B) Acknowledged before an officer authorized by law to take acknowledgments of deeds.
(3) The corporation shall deliver to the Insurance Commissioner:
(A) A duplicate original of the certificate; and
(B)(i) The filing fee that is:
(a) Specified in § 23-61-401; or
(b) Established by rule of the commissioner.
(ii) The filing fee is not refundable.
(4) If the commissioner finds that the certificate and the amendment comply with the law, the commissioner shall:
(A) Endorse his or her approval upon each of the duplicate originals;
(B) Place one (1) set on file in his or her office; and
(C) Return the remaining set to the corporation for its corporate records.
(5) The amendment shall be effective when the commissioner has endorsed his or her approval on the certificate.
(6) If the commissioner finds that the proposed amendment or certificate does not comply with the law, the commissioner shall:
(A) Not approve the certificate;
(B) Return the duplicate certificate to the corporation with his or her written statement of reasons for not approving the certificate; and
(C) Retain the filing fee.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-61-401. License and miscellaneous fees.
The Insurance Commissioner shall collect annually or biennially as prescribed by rule of the commissioner and pay to the Treasurer of State the following fees, licenses, and miscellaneous charges:
(1) Admission fees: (A) Filing and reviewing all documents necessary for issuance of certificate of incorporation for domestic companies $100.00 (B) Issuance of an original certificate of incorporation for domestic companies 50.00 (C) Reviewing all documents necessary for issuance of original certificate of authority 500.00 (D) Issuance of original certificate of authority for all companies 150.00 (E) Issuance of original license for rate service organiza- tions and employer service assurance organizations 500.00 (F) Filing and reviewing all documents of a nonadmitted company seeking to be placed on the “approved” list for the writing of surplus lines insurance 500.00 (2) Annual renewal fees: (A) Filing an annual statement for all companies 50.00 (B) Renewal of a certificate of authority for all companies 100.00 (C) Rate service organizations and employer service as- surance organizations, annual continuation of license 100.00 (3) Other miscellaneous fees: (A) Amendment to articles of incorporation 25.00 (B) Reinstatement of certificate of authority 50.00 (C) Amending an existing certificate of authority 100.00 (4) Agent's license for resident agents: (A) Property, casualty, surety agents: Original issuance of each license 15.00 Annual continuation of appointment, each insurer 10.00 Appointment of agent by insurer, each insurer 10.00 (B) Life and accident and health insurance agents: Appointment of agent by insurer, each insurer 10.00 Annual continuation of appointment, e
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-401
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. The source passage cites 23-61-401. This identifies an authority to review, not proof of applicability.