Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-69-111. Corporate authority

(1) To have succession by its corporate name for the period stated in its articles;

(2) To sue and be sued in a corporate name;

(3) To adopt, use, and alter a corporate seal, which shall show the year of incorporation;

(4) To acquire, hold, sell, use, dispose of, pledge, or mortgage any such property as its purpose may require, subject to any limitation prescribed by law or the articles of incorporation;

(5) To transact insurance;

(6) To conduct its affairs through its directors, officers, employees, agents, and representatives thereunto authorized;

(7) To make bylaws not inconsistent with law for the exercise of its corporate powers; for the management, regulation, and government of its affairs and property, including, but not limited to, transfer of its stock and calling and holding of meetings of its directors, stockholders, or members; and to modify or amend the bylaws;

(8) To exercise, subject to law and the express provisions of the articles of incorporation, all such incidental and subsidiary powers as may be necessary or convenient to the attainment of the objectives set forth in the articles; and

(9) To dissolve and wind up, or be dissolved and wound up, in the manner provided by law.