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4-30-111. Prerequisite for commencing business.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-30-111. Prerequisite for commencing business.
No corporation organized under the provisions of this chapter shall commence business until at least twenty percent (20%) of its capital stock has been paid for in actual cash and a sworn statement to that effect has been filed with the Secretary of State, and his or her receipt for the statement shall be construed as a permit to do business.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-30-111
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:4-30-111
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fa100faa801c4d1c6846542ad1c4d9e44be8dca868e944e31ebcbec33b41be38
Source location: content.xml paragraph 20335
Stored source content
4-30-111. Prerequisite for commencing business.
No corporation organized under the provisions of this chapter shall commence business until at least twenty percent (20%) of its capital stock has been paid for in actual cash and a sworn statement to that effect has been filed with the Secretary of State, and his or her receipt for the statement shall be construed as a permit to do business.
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