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4-29-204. Application of Arkansas Business Corporation Act.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-29-204. Application of Arkansas Business Corporation Act.
(a) The Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., shall be applicable to such professional corporations, including their organization, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations except so far as they may be limited or enlarged by this subchapter.
(b) If any provision of this subchapter conflicts with the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., this subchapter shall take precedence.
(c) If any person incorporating under the Arkansas Professional Corporation Act, § 4-29-201 et seq., the Medical Corporation Act, § 4-29-301 et seq., or the Dental Corporation Act, § 4-29-401 et seq., needs to convert to a business corporation as governed by the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., that professional association may do so by filing an amendment in accordance with § 4-27-1006, provided that the relevant licensing agency allows.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-29-204
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:4-29-204
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e9e6c4a1cdf68b54b7a3bf84780143fcce6b752f9b14e88a566a03073a345e47
Source location: content.xml paragraph 19725
Stored source content
4-29-204. Application of Arkansas Business Corporation Act.
(a) The Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., shall be applicable to such professional corporations, including their organization, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations except so far as they may be limited or enlarged by this subchapter.
(b) If any provision of this subchapter conflicts with the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., this subchapter shall take precedence.
(c) If any person incorporating under the Arkansas Professional Corporation Act, § 4-29-201 et seq., the Medical Corporation Act, § 4-29-301 et seq., or the Dental Corporation Act, § 4-29-401 et seq., needs to convert to a business corporation as governed by the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., that professional association may do so by filing an amendment in accordance with § 4-27-1006, provided that the relevant licensing agency allows.
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-27-101. Short title.
This chapter shall be known and may be cited as the “Arkansas Business Corporation Act of 1987.”
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-27-101
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 4-27-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-29-201. Title.
This subchapter may be cited as the “Arkansas Professional Corporation Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-29-201
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 4-29-201. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-29-301. Title.
This subchapter may be cited as the “Medical Corporation Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-29-301
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 4-29-301. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-29-401. Title and definitions.
(a) This subchapter may be cited as the “Dental Corporation Act”.
(b) As used in this subchapter, unless the context otherwise requires:
(1) “Beneficial owner” means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2) “Professional service” means any type of professional service which may be legally performed only pursuant to license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3) “Shareholder” means either the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-29-401
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 4-29-401. This identifies an authority to review, not proof of applicability.