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4-26-206. Prerequisite to commencing business.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-26-206. Prerequisite to commencing business.
A corporation shall not transact any business or incur any indebtedness, except such as shall be incidental to its organization or to obtaining subscriptions to or payment for its shares until there has been paid in for the issuance of shares consideration of the value of at least three hundred dollars ($300).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-26-206
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:4-26-206
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e041e603f7c87f732b2843723c0404193eccb196f8a7bd69ac488d0a73528841
Source location: content.xml paragraph 13449
Stored source content
4-26-206. Prerequisite to commencing business.
A corporation shall not transact any business or incur any indebtedness, except such as shall be incidental to its organization or to obtaining subscriptions to or payment for its shares until there has been paid in for the issuance of shares consideration of the value of at least three hundred dollars ($300).
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