Browse Arkansas Code titles and sections
4-33-1301. Prohibited distributions.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-1301. Prohibited distributions.
Except as authorized by § 4-33-1302, a corporation shall not make any distributions.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-1301
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:4-33-1301
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 59bea8596a6c637338e6264a18006a211cdc53eb5073e8f71e511aeafb1a52ed
Source location: content.xml paragraph 23576
Stored source content
4-33-1301. Prohibited distributions.
Except as authorized by § 4-33-1302, a corporation shall not make any distributions.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-1302. Authorized distributions.
(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:
(1) the corporation would be able to pay its debts as they become due in the usual course of its activities; and
(2) the corporation's total assets would at least equal the sum of its total liabilities.
(b) Corporations may make distributions upon dissolution in conformity with §§ 4-33-1401 et seq.
(c) Corporations that are organized and operated as cooperative within the meaning of Subchapter T of the Internal Revenue Code of 1986, as amended, Internal Revenue Code §§ 1381 — 1388, may make distributions to their members in accordance with Subchapter T.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-1302
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 4-33-1302. This identifies an authority to review, not proof of applicability.