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Arkansas Code Title 4. Business and Commercial Law § 4-36-102. Application of chapter

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

(a) This chapter shall apply to all benefit corporations.

(b) This chapter does not imply that a contrary statute or rule of law applies to a business corporation that is not a benefit corporation.

(c)(1) Except as otherwise provided in this chapter, the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq., is generally applicable to a benefit corporation.

(2) Specific provisions of this chapter shall control over the general provisions of the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq.

(3) A benefit corporation may be simultaneously subject to this chapter and other statutes that provide for the incorporation of a specific type of business corporation.

(d) The articles of incorporation or bylaws of a benefit corporation shall not limit, relax, be inconsistent with, or supersede this chapter.

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Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-36-102. Application of chapter - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-36-102.html

Read this complete Arkansas Code Title 4. Business and Commercial Law § 4-36-102. Application of chapter on Westlaw

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