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4-26-902. Sale, lease, or exchange of assets in regular course of business.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-26-902. Sale, lease, or exchange of assets in regular course of business.
The sale, lease, or exchange of all or substantially all the property and assets of a corporation, when made in the usual and regular course of the business of the corporation, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property including shares of any other domestic or foreign corporation, as shall be authorized by its board of directors. In this case, no authorization or consent of the shareholders shall be required.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-26-902
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:4-26-902
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2f8631c2f40e562d5ff5b6e54e015e1b58eff0dd326043ea26473a0769ef8077
Source location: content.xml paragraph 14652
Stored source content
4-26-902. Sale, lease, or exchange of assets in regular course of business.
The sale, lease, or exchange of all or substantially all the property and assets of a corporation, when made in the usual and regular course of the business of the corporation, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property including shares of any other domestic or foreign corporation, as shall be authorized by its board of directors. In this case, no authorization or consent of the shareholders shall be required.
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