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6-2-103. Purpose — Use of funds or property.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-2-103. Purpose — Use of funds or property.
(a) The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association.
(b) It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by the person, conference, convention, association, synod, or other body under whose auspices the institution may have been established or for whose benefit it may be maintained, or by which it may be controlled.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-2-103
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:6-2-103
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0c6f564a81553d49f843133357726452703ce30460613c8753a009cadd010353
Source location: content.xml paragraph 357
Stored source content
6-2-103. Purpose — Use of funds or property.
(a) The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association.
(b) It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by the person, conference, convention, association, synod, or other body under whose auspices the institution may have been established or for whose benefit it may be maintained, or by which it may be controlled.
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