reglab/housing_qa huggingface dataset:
AR Code § 4-33-1701 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1701. Application to existing domestic corporations

 All provisions of this chapter shall apply to all domestic corporations incorporated on or after January 1, 1994, as specified in § 4-33-1706. A corporation incorporated prior to January 1, 1994, under any general statute of this state providing for incorporation of nonprofit corporations may elect to be governed by the provisions of this chapter by amending its articles of incorporation to provide that it shall be so governed. Such election may be made at any time on or after midnight, December 31, 1993, but once made shall be irrevocable. The amendment to the articles of incorporation effecting such election must be approved by the affirmative vote of at least a majority of the members of the corporation or if such corporation has no members, by the affirmative vote of at least a majority of the directors of the corporation. Domestic corporations existing prior to midnight, December 31, 1993, which do not elect to be governed by its provisions shall continue to be governed by preexisting law. Except for any applicable corporate franchise tax laws or any applicable income tax exemption laws referenced herein, nothing in this chapter shall be deemed to apply to domestic corporations or associations regulated by the Insurance Commissioner under title 23 of the Arkansas Code or related laws as nonprofit corporations including but not limited to hospital or medical service corporations, health maintenance organizations, and fraternal benefit societies.
AR Code § 4-33-1702 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1702. Application to qualified foreign corporations

 A foreign corporation authorized to transact business in this state on January 1, 1994, is subject to this chapter but is not required to obtain a new certificate of authority to transact business under this chapter. Except for any applicable corporate franchise tax laws or any applicable income tax exemption laws referenced herein, nothing in this chapter shall be deemed to apply to foreign corporations and associations regulated by the Insurance Commissioner under title 23 of the Arkansas Code or related laws as nonprofit foreign corporations including but not limited to foreign hospital or medical service corporations, health maintenance organizations, and fraternal benefit societies.
AR Code § 4-33-1703 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1703. Saving provisions

 (a) Except as provided in subsection (b) of this section, the repeal of a statute by this chapter does not affect:  (1) the operation of the statute or any action taken under it before its repeal;  (2) any ratification, right, remedy, privilege, obligation, or liability acquired, accrued, or incurred under the statute before its repeal;  (3) any violation of the statute or any penalty, forfeiture, or punishment incurred because of the violation, before its repeal;  (4) any proceeding, reorganization, or dissolution commenced under the statute before its repeal, and the proceeding, reorganization, or dissolution may be completed in accordance with the statute as if it had not been repealed; or  (5) any meeting of members or directors or action by written consent noticed or any action taken before its repeal as a result of a meeting of members or directors or action by written consent.    (b) If a penalty or punishment imposed for violation of a statute repealed by this chapter is reduced by this chapter, the penalty or punishment if not already imposed shall be imposed in accordance with this chapter.
AR Code § 4-33-1704 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1704. Severability

 If any provision of this chapter or its application to any person or circumstance is held invalid by a court of competent jurisdiction, the invalidity does not affect other provisions or applications of this chapter that can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
AR Code § 4-33-1705 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1705. Repeal

 All laws and parts of laws in conflict with this chapter are hereby repealed.
AR Code § 4-33-1706 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1706. Effective date

 This chapter takes effect January 1, 1994.
AR Code § 4-33-1707 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993|Subchapter 17 - Transition Provisions|§ 4-33-1707. Public benefit, mutual benefit and religious corporations

 Upon electing to be governed by the provisions of this chapter, each domestic corporation existing on January 1, 1994, that becomes subject to this chapter shall be designated as a public benefit, mutual benefit or religious corporation as follows:   (1) Any corporation designated by statute as a public benefit corporation, a mutual benefit corporation or a religious corporation is the type of corporation designated by statute;  (2) Any corporation that does not come within subsection (1) of this section but is organized primarily or exclusively for religious purposes is a religious corporation;  (3) Any corporation that does not come within subsection (1) or (2) of this section but that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation;  (4) Any corporation that does not come within subsection (1), (2), or (3) of this section, but that is organized for a public or charitable purpose and that upon dissolution must distribute its assets to a public benefit corporation, the United States, a state or a person that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation; and  (5) Any corporation that does not come within subsection (1), (2), (3), or (4) of this section is a mutual benefit corporation.
AR Code § 4-35-101 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-101. Legislative intent

 It is the intent of the General Assembly to provide a means by which a nonprofit corporation involved in the sale, transmission, and distribution of potable water to members of the general public and commercial, industrial, and other users may form or convert its entity status from that of a body corporate to that of a public body politic and governmental entity, thereby allowing the entity the opportunity to access the tax-exempt capital markets and assuring the State of Arkansas and the customers of the entity of the lowest water rates possible.
AR Code § 4-35-102 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-102. Title

 This chapter shall be known and may be cited as the “Water Authority Act”.
AR Code § 4-35-104 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-104. Construction

 (a)  (1) This chapter shall be liberally construed in conformity with its intent.  (2) To this end, it shall not be necessary to comply with the general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or disposition, including particularly, without limitation, bidding and appraisal requirements.    (b) All acts and activities of a water authority performed pursuant to the authority of this chapter are legislatively determined and declared to be essential governmental functions.
AR Code § 4-35-105 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-105. Authority generally

 (a) There is conferred upon a water authority the authority to take action and to do or cause to be done the things that shall be necessary or desirable to accomplish and implement the purposes and intent of this chapter according to the import of this chapter.  (b) It is specifically understood that, except for the provisions of this chapter or the provisions of any other chapter which authorizes the conversion of a qualified corporation to a water authority, no other statutes shall govern or pertain to the creation of a water authority under this chapter or the issuance of bonds by a water authority.  (c) A water authority authorized by this chapter shall have the right to perpetual succession as a public body politic and governmental entity.  (d) The Arkansas Natural Resources Commission shall have the authority, including the powers set forth in § 15-20-206, to promulgate rules for carrying out the intent of this chapter.
AR Code § 4-35-106 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-106. Members

 A water authority shall not have members.
AR Code § 4-35-107 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-107. Freedom of Information Act of 1967 applicable

 All meetings and records of a water authority shall be subject to the Freedom of Information Act of 1967, § 25-19-101 et seq.
AR Code § 4-35-108 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-108. Tax exemption of projects

 Each project by a water authority and all income from each project is determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities.
AR Code § 4-35-109 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-109. Arkansas Public Service Commission — Exemption from jurisdiction

 Water authorities organized under this chapter shall be exempt in any and all respects from the jurisdiction and control of the Arkansas Public Service Commission.
AR Code § 4-35-110 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-110. Revenues

 (a) A water authority formed pursuant to this chapter shall be operated without profit, but the rates, fees, rents, or other charges for water or wastewater collection, disposal, and treatment and other facilities, supplies, equipment, or services furnished by the water authority shall be sufficient at all times:  (1) To pay all operating and maintenance expenses necessary or desirable for the prudent conduct of its affairs and the principal of and interest on the obligations issued or assumed by the water authority in the performance of the purposes for which it was organized; and  (2) For the creation of adequate reserves.    (b) The revenues of the water authority shall be devoted first to the payment of operating and maintenance expenses and the principal and interest on outstanding obligations, and thereafter to reserves for improvements, new construction, depreciation, and contingencies as the board of directors may prescribe from time to time and to other purposes approved by the board, including rebates to water users.
AR Code § 4-35-111 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 1 - General Provisions|§ 4-35-111. Dissolution

 (a)  (1) A water authority shall be dissolved upon the expiration of its term of existence as set forth in the water authority's articles if the term of existence is less than perpetual in nature.  (2) Upon the dissolution, a notice shall be filed with both the Arkansas Natural Resources Commission and the Secretary of State.    (b)  (1) A water authority may also be dissolved upon filing articles of dissolution with the approval in writing by the commission.  (2) If approved by the commission, articles of dissolution shall also be filed with the Secretary of State.    (c) Upon dissolution, any assets of a water authority remaining after payment of claims and liabilities of the water authority shall be transferred to another water authority with approval of the commission or to the State of Arkansas or a subdivision of the state, including the commission.
AR Code § 4-35-201 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-201. Authority and procedure to form a water authority

 Two (2) or more persons, which may include cities, counties, or other public bodies, may form a water authority authorized by this chapter by presenting to and filing with the Arkansas Natural Resources Commission the following:   (1) Articles of constitution which shall state and include the following information:  (A) The name of the water authority, which shall include the words “public water authority”, it being understood that the water authority may adopt a fictitious operational name upon written request to and approval by the commission and the Secretary of State;  (B) The location of the water authority's principal office;  (C) The number of directors of the water authority, which shall be at least five (5) and shall be subject to change as provided in this chapter or in the water authority's bylaws;  (D) The names and addresses of the proposed initial board of directors of the water authority;  (E) The name and address of the agent for service of process of the water authority;  (F) The proposed geographic service area over which the water authority will have jurisdiction; and  (G) Any other matters that the proposed initial board of directors of the water authority may deem necessary and appropriate;    (2) A copy of the water authority's proposed bylaws, along with any other information which the proposed initial board of directors of the water authority may deem necessary and appropriate;  (3) A statement and certification from the Secretary of State that the proposed name of the water authority is not identical to that of any other water authority in the state or so nearly similar as to lead to confusion and uncertainty;  (4) The filing and review fee that the commission may designate and determine from time to time; and  (5) Any other information and documents which the commission may designate and require.
AR Code § 4-35-203 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-203. Effect of formation — Filing with Secretary of State

 (a)  (1) When articles of constitution or articles of conversion and reconstitution and other required documents have been filed with and accepted by the Arkansas Natural Resources Commission, as evidenced by the issuance by the commission of its certificate of existence in that form that the commission may deem appropriate, the water authority referred to in the articles shall come into existence and shall constitute a public body politic and governmental entity of the State of Arkansas under the name set forth in the certificate of existence, whereupon the water authority shall be vested with the rights and powers granted in this chapter.  (2) Contemporaneously therewith, with respect to a conversion, the qualified corporation shall cease to exist and all assets and liabilities of every nature, including, without limitation, all real property, personal property, contractual obligations, lending obligations outstanding, rights afforded borrowers of federal and state funds, and other tangible and intangible assets and liabilities of every nature, without need for further action or approval by any third party, shall be vested in and shall accrue to the benefit of the water authority.    (b)  (1)  (A) A copy of a water authority's articles of constitution or articles of conversion and reconstitution shall additionally be filed in the office of the Secretary of State after its receipt, acceptance, and approval by the commission.  (B) The Secretary of State may require the payment of a reasonable filing and receipt fee not in excess of the filing fee charged by the Secretary of State in connection with the receipt and filing of a corporation's articles of incorporation.    (2) Filing a copy of the articles of constitution or articles of conversion and reconstitution, as accepted and approved by the commission, with the Secretary of State shall serve to terminate and dissolve the previous corporate existence of the qualified corporation, effective as of the date of the issuance of the certificate of existence.
AR Code § 4-35-205 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-205. Officers

 (a) The officers of a water authority shall consist of a president, vice president, secretary, treasurer, and such other officers as the board of directors shall deem necessary to accomplish the purposes for which a water authority is organized.  (b) The offices of secretary and treasurer may be held by the same person.  (c) All officers of a water authority shall be elected by the board and shall serve for those terms of office as specified in the bylaws.  (d)  (1) An officer may resign at any time by delivering notice to the water authority.  (2)  (A) A resignation is effective when the notice is effective unless the notice specifies a future effective date.  (B) If a resignation is made effective at a future date and the water authority accepts the future effective date, its board may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.      (e) A board may remove any officer at any time with or without cause.
AR Code § 4-35-206 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-206. Notice

 (a) Notice may be communicated:  (1) In person;  (2) By telegraph, teletype, telecopier, facsimile, or other similar form of wire or wireless communication; or  (3) By mail or private carrier.    (b) Written notice, if in a comprehensible form, is effective at the earliest of the following:  (1) When received;  (2) Two (2) days after its deposit in the United States mail, as evidenced by the postmark, if mailed correctly addressed and with first class postage affixed; or  (3) On the date shown on the return receipt if sent by registered or certificated mail, return receipt requested, and the receipt is signed by or on behalf of the addressee.
AR Code § 4-35-207 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-207. Bylaws

 (a) The persons forming the water authority or the initial board of directors shall adopt bylaws for the water authority and shall file a copy of the executed bylaws with the Arkansas Natural Resources Commission.  (b) The bylaws may contain any provision for regulating and managing the affairs of the water authority that is not inconsistent with law or the articles.
AR Code § 4-35-208 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-208. Amendment to articles or bylaws

 (a) Subject to subdivision (c)(2) and subsection (d) of this section, a water authority may amend its articles or bylaws at any time by a majority of the members of the board of directors at any regular or special meeting at which a quorum is present.  (b) Any amendment to the articles of a water authority shall be delivered to and filed with both the Arkansas Natural Resources Commission and the Secretary of State setting forth:  (1) The name of the water authority;  (2) The text of each amendment adopted;  (3) The date of each amendment's adoption; and  (4) A statement that the amendment was approved by a sufficient vote of the board.    (c)  (1) Any amendment to the bylaws shall be filed by the secretary of the water authority with the books and records of the water authority.  (2) However, any change with respect to the number of directors or the procedure for electing or nominating directors shall first be approved in writing by the commission and, if approved, shall be filed with the commission.    (d) The commission shall approve in writing any amendment to the articles or bylaws which changes the geographic service area over which the water authority has jurisdiction.
AR Code § 4-35-209 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 35 - Water Authority Act|Subchapter 2 - Formation of and Conversion to a Public Water Authority|§ 4-35-209. Registered office and registered agent

 (a) Each water authority shall continuously maintain in this state:  (1) A registered office with the same address, which must include a street address, as that of the registered agent; and  (2) A registered agent, who is an individual residing in this state and whose office is identical with the registered office.    (b) A water authority may change its registered office or registered agent by delivering to the Arkansas Natural Resources Commission and the Secretary of State for filing a statement of change that sets forth:  (1) The name of the water authority;  (2) The street address of its current registered office;  (3) If the current registered office is to be changed, the street address of the new registered office;  (4) The name of its current registered agent; and  (5) If the current registered agent is to be changed, the name of the new registered agent.