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26-54-111. Charter forfeiture for failure to pay tax — Procedure. [Effective until May 1, 2021.]
Arkansas Code — all titles (historical 2020) · legal_authorities
26-54-111. Charter forfeiture for failure to pay tax — Procedure. [Effective until May 1, 2021.]
(a) On or before January 31 of each year, the Secretary of State shall proclaim as forfeited the corporate charters or authorities, as the case may be, of all corporations, both domestic and foreign that according to the Secretary of State's records are delinquent in the payment of the annual franchise tax for a prior year.
(b) A copy of the proclamation, or applicable portion thereof, shall be furnished to each other official or agency of the state which is authorized to issue corporation charters or authorities. Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-54-111
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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Stable record: arkansas_code:legal_authorities:26-54-111
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1f02ff890037f85b5ea6c8822a31a822fbe2c364f96f4d6b8a6fff026efabe9c
Source location: content.xml paragraph 22728
Stored source content
26-54-111. Charter forfeiture for failure to pay tax — Procedure. [Effective until May 1, 2021.]
(a) On or before January 31 of each year, the Secretary of State shall proclaim as forfeited the corporate charters or authorities, as the case may be, of all corporations, both domestic and foreign that according to the Secretary of State's records are delinquent in the payment of the annual franchise tax for a prior year.
(b) A copy of the proclamation, or applicable portion thereof, shall be furnished to each other official or agency of the state which is authorized to issue corporation charters or authorities. Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-54-111. Charter forfeiture for failure to pay tax — Procedure. [Effective May 1, 2021.]
(a)(1) Except as provided in subdivision (a)(2) of this section, on or before January 31 of each year, the Secretary of State shall proclaim as forfeited the corporate charters or authorities of all corporations, both domestic and foreign that according to the Department of Finance and Administration's records are delinquent in the payment of the annual franchise tax for a prior year.
(2) For a corporation that has a franchise tax due date after May 1, eight (8) months after the franchise tax return due date for the corporation, taking into account any extensions of the due date, the Secretary of State shall proclaim as forfeited the corporate charters or authorities of the corporations, both domestic and foreign that according to the department's records are delinquent in the payment of the annual franchise tax for a prior year.
(b)(1) A copy of the proclamation, or applicable portion thereof, shall be furnished to each other official or agency of the state that is authorized to issue corporation charters or authorities.
(2) Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-54-111
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. Same stored citation; legal effect and authority still require review.