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Arkansas Code Title 4. Business and Commercial Law § 4-26-1102. Certificates

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) After a dissolution has been voted by the shareholders, a certificate of dissolution shall be executed by the president or a vice president of the corporation and attested by the secretary or an assistant secretary of the corporation.

(b) This certificate shall be verified by at least one (1) of the officers signing it and shall show:

(1) The name of the corporation;

(2) The names and respective addresses of its officers;

(3) The names and respective addresses of its directors;

(4) A copy of the shareholders' resolution directing the dissolution of the corporation;

(5) The number of shares outstanding and, if the shares of any class are entitled to vote as a class, the designation and number of outstanding shares of each such class;

(6) The number of shares voted for and against the resolution, respectively, and, if the shares of any class are entitled to vote as a class, the number of shares of each class voted for and against the resolution.

(c) The certificate shall be executed and filed in accordance with § 4-26-1201.

(d) Upon the filing of the certificate with the Secretary of State, the corporation is dissolved. Franchise tax liability shall terminate as of the end of the tax year in which the dissolution is voted.

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Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-26-1102. Certificates - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-26-1102/

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