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4-20-102. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-20-102. Definitions.

4-20-102. Definitions. In this chapter: (1) “Appointment of agent” means a statement appointing an agent for service of process filed by: (A) a domestic or foreign unincorporated nonprofit association under § 4-28-510 [repealed] of the Uniform Unincorporated Nonprofit Association Act [repealed]; or (B) a domestic entity that is not a filing entity or a nonqualified foreign entity under § 4-20-112 or a similar provision of the law under any jurisdiction. (2) “Commercial registered agent” means an individual or a domestic or foreign entity that is listed under § 4-20-106. (3) “Domestic entity” means an entity whose internal affairs are governed by the law of this state. (4) “Entity” means a person that has a separate legal existence or has the power to acquire an interest in real property in its own name other than: (A) an individual; (B) a testamentary, inter vivos, or charitable trust, with the exception of a business trust, statutory trust, or similar trust; (C) an association or relationship that is not a partnership by reason of § 4-46-202(c); (D) a decedent's estate; or (E) a public corporation, government or governmental subdivision, agency, or instrumentality, or a quasi-governmental instrumentality. (5) “Filing entity” means an entity that is created by the filing of a public organic document. (6) “Foreign entity” means an entity other than a domestic entity. (7) “Foreign qualification document” means an application for a certificate of authority or other foreign qualification filing with the Secretary of State by a foreign entity. (8) “Governance interest” means the right under the organic law or organic rules of an entity, other than as a governor, agent, assignee, or proxy, to: (A) receive or demand access to information concer

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-20-102

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:4-20-102
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5e7382e34923b07b8fe1fcdc4fa3607bd943750af36a8d09109715f5d80ded94

Source location: content.xml paragraph 12725

Stored source content

4-20-102. Definitions. In this chapter: (1) “Appointment of agent” means a statement appointing an agent for service of process filed by: (A) a domestic or foreign unincorporated nonprofit association under § 4-28-510 [repealed] of the Uniform Unincorporated Nonprofit Association Act [repealed]; or (B) a domestic entity that is not a filing entity or a nonqualified foreign entity under § 4-20-112 or a similar provision of the law under any jurisdiction. (2) “Commercial registered agent” means an individual or a domestic or foreign entity that is listed under § 4-20-106. (3) “Domestic entity” means an entity whose internal affairs are governed by the law of this state. (4) “Entity” means a person that has a separate legal existence or has the power to acquire an interest in real property in its own name other than: (A) an individual; (B) a testamentary, inter vivos, or charitable trust, with the exception of a business trust, statutory trust, or similar trust; (C) an association or relationship that is not a partnership by reason of § 4-46-202(c); (D) a decedent's estate; or (E) a public corporation, government or governmental subdivision, agency, or instrumentality, or a quasi-governmental instrumentality. (5) “Filing entity” means an entity that is created by the filing of a public organic document. (6) “Foreign entity” means an entity other than a domestic entity. (7) “Foreign qualification document” means an application for a certificate of authority or other foreign qualification filing with the Secretary of State by a foreign entity. (8) “Governance interest” means the right under the organic law or organic rules of an entity, other than as a governor, agent, assignee, or proxy, to: (A) receive or demand access to information concerning, or the books and records of, the entity; (B) vote for the election of the governors of the entity; or (C) receive notice of or vote on any or all issues involving the internal affairs of the entity. (9) “Governor” means a person by or under whose authority the powers of an entity are exercised and under whose direction the business and affairs of the entity are managed pursuant to the organic law and organic rules of the entity. (10) “Interest” means: (A) a governance interest in an unincorporated entity; (B) a transferable interest in an unincorporated entity; or (C) a share or membership in a corporation. (11) “Interest holder” means a direct holder of an interest. (12) “Jurisdiction of organization,” with respect to an entity, means the jurisdiction whose law includes the organic law of the entity. (13) “Noncommercial registered agent” means a person that is not listed as a commercial registered agent under § 4-20-106 and that is: (A) an individual or a domestic or foreign entity that serves in this state as the agent for service of process of an entity; or (B) the individual who holds the office or other position in an entity that is designated as the agent for service of process pursuant to § 4-20-105(a)(2)(B). (14) “Nonqualified foreign entity” means a foreign entity that is not authorized to transact business in this state pursuant to a filing with the Secretary of State. (15) “Nonresident LLP statement” means: (A) a statement of qualification of a domestic limited liability partnership that does not have an office in this state; or (B) a statement of foreign qualification of a foreign limited liability partnership that does not have an office in this state. (16) “Organic law” means the statutes, if any, other than this chapter, governing the internal affairs of an entity. (17) “Organic rules” means the public organic document and private organic rules of an entity. (18) “Person” means an individual, corporation, estate, trust, partnership, limited liability company, business or similar trust, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. (19) “Private organic rules” mean the rules, whether or not in a record, that govern the internal affairs of an entity, are binding on all of its interest holders, and are not part of its public organic document, if any. (20) “Public organic document” means the public record the filing of which creates an entity, and any amendment to or restatement of that record. (21) “Qualified foreign entity” means a foreign entity that is authorized to transact business in this state pursuant to a filing with the Secretary of State. (22) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. (23) “Registered agent” means a commercial registered agent or a noncommercial registered agent. (24) “Registered agent filing” means: (A) the public organic document of a domestic filing entity; (B) a nonresident LLP statement; (C) a foreign qualification document; or (D) an appointment of agent. (25) “Represented entity” means: (A) a domestic filing entity; (B) a domestic or qualified foreign limited liability partnership that does not have an office in this state; (C) a qualified foreign entity; (D) a domestic or foreign unincorporated nonprofit association for which an appointment of agent has been filed; (E) a domestic entity that is not a filing entity for which an appointment of agent has been filed; or (F) a nonqualified foreign entity for which an appointment of agent has been filed. (26) “Sign” means, with present intent to authenticate or adopt a record: (A) to execute or adopt a tangible symbol; or (B) to attach to or logically associate with the record an electronic sound, symbol, or process. (27) “Transferable interest” means the right under an entity's organic law to receive distributions from the entity. (28) “Type,” with respect to an entity, means a generic form of entity: (A) recognized at common law; or (B) organized under an organic law, whether or not some entities organized under that organic law are subject to provisions of that law that create different categories of the form of entity.

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Arkansas Code — all titles (historical 2020) · legal_authorities

4-20-106. Listing of commercial registered agent.

4-20-106. Listing of commercial registered agent. (a) An individual or a domestic or foreign entity may become listed as a commercial registered agent by filing with the Secretary of State a commercial registered agent listing statement signed by or on behalf of the person which states: (1) the name of the individual or the name, type, and jurisdiction of organization of the entity; (2) that the person is in the business of serving as a commercial registered agent in this state; and (3) the address of a place of business of the person in this state to which service of process and other notice and documents being served on or sent to entities represented by it may be delivered. (b) A commercial registered agent listing statement may include the information regarding acceptance of service of process in a record by the commercial registered agent provided for in § 4-20-113(d). (c) If the name of a person filing a commercial registered agent listing statement is not distinguishable on the records of the Secretary of State from the name of another commercial registered agent listed under this section, the person must adopt a fictitious name that is so distinguishable and use that name in its statement and when it does business in this state as a commercial registered agent. (d) A commercial registered agent listing statement takes effect on filing. (e) The Secretary of State shall note the filing of the commercial registered agent listing statement in the index of filings maintained by the Secretary of State for each entity represented by the registered agent at the time of the filing. The statement has the effect of deleting the address of the registered agent from the registered agent filing of each of those entities.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-20-106

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. The source passage cites 4-20-106. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-20-112. Appointment of agent by nonfiling or nonqualified foreign entity.

4-20-112. Appointment of agent by nonfiling or nonqualified foreign entity. (a) A domestic entity that is not a filing entity or a nonqualified foreign entity may file with the Secretary of State a statement appointing an agent for service of process signed on behalf of the entity which states: (1) the name, type, and jurisdiction of organization of the entity; and (2) the information required by § 4-20-105(a). (b) A statement appointing an agent for service of process takes effect on filing. (c) The appointment of a registered agent under this section does not qualify a nonqualified foreign entity to do business in this state and is not sufficient alone to create personal jurisdiction over the nonqualified foreign entity in this state. (d) A statement appointing an agent for service of process may not be rejected for filing because the name of the entity filing the statement is not distinguishable on the records of the Secretary of State from the name of another entity appearing in those records. The filing of a statement appointing an agent for service of process does not make the name of the entity filing the statement unavailable for use by another entity. (e) An entity that has filed a statement appointing an agent for service of process may cancel the statement by filing a statement of cancellation, which shall take effect upon filing, and must state the name of the entity and that the entity is canceling its appointment of an agent for service of process in this state. A statement appointing an agent for service of process which has not been cancelled earlier is effective for a period of five (5) years after the date of filing. (f) A statement appointing an agent for service of process for a nonqualified foreign entity terminates automatically on

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-20-112

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 4-20-112. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-46-202. Formation of partnership.

4-46-202. Formation of partnership. (a) Except as otherwise provided in subsection (b) of this section, the association of two (2) or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership. (b) An association formed under a statute other than this chapter, a predecessor statute, or a comparable statute of another jurisdiction is not a partnership under this chapter. (c) In determining whether a partnership is formed, the following rules apply: (1) Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property, or part ownership does not by itself establish a partnership, even if the co-owners share profits made by the use of the property. (2) The sharing of gross returns does not by itself establish a partnership, even if the persons sharing them have a joint or common right or interest in property from which the returns are derived. (3) A person who receives a share of the profits of a business is presumed to be a partner in the business, unless the profits were received in payment: (i) of a debt by installments or otherwise; (ii) for services as an independent contractor or of wages or other compensation to an employee; (iii) of rent; (iv) of an annuity or other retirement or health benefit to a beneficiary, representative, or designee of a deceased or retired partner; (v) of interest or other charge on a loan, even if the amount of payment varies with the profits of the business, including a direct or indirect present or future ownership of the collateral, or rights to income, proceeds, or increase in value derived from the collateral; or (vi) for the sale of the goodwill of a business or other property by installments or otherwise.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-46-202

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 4-46-202. This identifies an authority to review, not proof of applicability.