Browse Arkansas Code titles and sections
4-29-206. Formation of corporation.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-29-206. Formation of corporation.
(a) One (1) or more persons duly and properly licensed under and pursuant to the laws of the State of Arkansas to render the same type of professional services, as defined in § 4-29-202, may form a corporation, pursuant to the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., to own, operate, and maintain a professional corporation and to engage in the professional services thereby authorized, by and through its licensed shareholders, directors, officers, and employees only.
(b) It is mandatory that such professional services be rendered by or through persons who are duly and properly licensed, individually, to engage in the profession.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-29-206
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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Stable record: arkansas_code:legal_authorities:4-29-206
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fe757ae423f4c52bf8053f2168a1bb6ce433a145c0adfa0cea3a7457520f4568
Source location: content.xml paragraph 19749
Stored source content
4-29-206. Formation of corporation.
(a) One (1) or more persons duly and properly licensed under and pursuant to the laws of the State of Arkansas to render the same type of professional services, as defined in § 4-29-202, may form a corporation, pursuant to the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., to own, operate, and maintain a professional corporation and to engage in the professional services thereby authorized, by and through its licensed shareholders, directors, officers, and employees only.
(b) It is mandatory that such professional services be rendered by or through persons who are duly and properly licensed, individually, to engage in the profession.
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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
4-29-202. Definitions.
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 a 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:
(A) The person in whose name shares are registered in the records of a corporation; or
(B) 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) · 4-29-202
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 4-29-202. This identifies an authority to review, not proof of applicability.