4-26-606. Payment of expenses of organization, reorganization, financing, etc.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-26-606. Payment of expenses of organization, reorganization, financing, etc.

4-26-606. Payment of expenses of organization, reorganization, financing, etc. The reasonable charges and expenses of organization or reorganization of a corporation and the reasonable expenses of and compensation for the sale or underwriting of its shares may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering such shares not fully paid and nonassessable.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-26-606

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.