reglab/housing_qa huggingface dataset:
AR Code § 4-33-302 (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 3 - Purposes and Powers|§ 4-33-302. General powers

 Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its affairs including, without limitation, power:   (1) to sue and be sued, complain and defend in its corporate names;  (2) to have a corporate seal, which may be altered at will, and to use it, or a facsimile of it, by impressing or affixing or in any other manner reproducing it;  (3) to make and amend bylaws not inconsistent with its articles of incorporation or with the laws of this state, for regulating and managing the affairs of the corporation;  (4) to purchase, receive, lease, or otherwise acquire, and own, hold, improve, use, and otherwise deal with, real or personal property, or any legal or equitable interest in property, wherever located;  (5) to sell, convey, mortgage, pledge, lease, exchange, and otherwise dispose of all or any part of its property;  (6) to purchase, receive, subscribe for, or otherwise acquire, own, hold, vote, use, sell, mortgage, lend, pledge, or otherwise dispose of, and deal in and with, shares or other interests in, or obligations of any entity;  (7) to make contracts and guaranties, incur liabilities, borrow money, issue notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of any of its property, franchises, or income;  (8) to lend money, invest and revest its funds, and receive and hold real and personal property as security for repayment, except as limited by § 4-33-832;  (9) to be a promoter, partner, member, associate or manager of any partnership, joint venture, trust or other entity;  (10) to conduct its activities, locate offices, and exercise the powers granted by this chapter within or without this state;  (11) to elect or appoint directors, officers, employees, and agents of the corporation, define their duties, and fix their compensation;  (12) to pay pensions and establish pension plans, pension trusts, and other benefit and incentive plans for any or all of its current or former directors, officers, employees, and agents;  (13) to make donations not inconsistent with law for the public welfare or for charitable, religious, scientific, or educational purposes and for other purposes that further the corporate interest;  (14) to impose dues, assessments, admission and transfer fees upon its members;  (15) to establish conditions for admission of members, admit members and issue memberships;  (16) to carry on a business;  (17) to serve as a trustee of a trust in which it or an entity affiliated by common program or purpose has a beneficial interest; and  (18) to do all things necessary or convenient, not inconsistent with law, to further the activities and affairs of the corporation.
AR Code § 4-33-303 (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 3 - Purposes and Powers|§ 4-33-303. Emergency powers

 (a) In anticipation of or during an emergency defined in subsection (d) of this section, the board of directors of a corporation may:  (1) modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent; and  (2) relocate the principal office, designate alternative principal offices or regional offices, or authorize the officer to do so.    (b) During an emergency defined in subsection (d) of this section, unless emergency bylaws provide otherwise:  (1) notice of a meeting of the board of directors need be given only to those directors it is practicable to reach and may be given in any practicable manner, including by publication and radio; and  (2) one (1) or more officers of the corporation present at a meeting of the board of directors may be deemed to be directors for the meeting, in order of rank and within the same rank in order of seniority, as necessary to achieve a quorum.    (c) Corporate action taken in good faith during an emergency under this section to further the ordinary affairs of the corporation:  (1) binds the corporation; and  (2) may not be used to impose liability on a corporate director, officer, employee, or agent.    (d) An emergency exists for purposes of this section if a quorum of the corporation's directors cannot readily be assembled because of some catastrophic event.
AR Code § 4-33-304 (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 3 - Purposes and Powers|§ 4-33-304. Ultra vires

 (a) Except as provided in subsection (b) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.  (b) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the Attorney General, a director, or by a member or members in a derivative proceeding.  (c) A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee or agent of the corporation. The proceeding may be brought by a director, the corporation, directly, derivatively, or through a receiver, a trustee or other legal representative, or in the case of a public benefit corporation, by the Attorney General.
AR Code § 4-33-401 (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 4 - Names|§ 4-33-401. Corporate name

 (a) A corporate name may not contain language stating or implying that the corporation is organized for a purpose other than that permitted by § 4-33-301 and its articles of incorporation.  (b) Except as authorized by subsections (c) and (d) of this section, a corporate name must be distinguishable upon the records of the Secretary of State from:  (1) the corporate name of a nonprofit or business corporation incorporated or authorized to do business in this state;  (2) a corporate name reserved or registered under § 4-33-402 or § 4-33-403 of this chapter or § 4-26-402 or § 4-27-402; or  (3) the fictitious name of a foreign business or nonprofit corporation authorized to transact business in this state because its real name is unavailable;    (c) A corporation may apply to the Secretary of State for authorization to use a name that is not distinguishable upon the Secretary of State's records from one (1) or more of the names described in subsection (b) of this section. The Secretary of State shall authorize use of the name applied for if:  (1) the other corporation consents to the use in writing and submits an undertaking in form satisfactory to the Secretary of State to change its name to a name that is distinguishable upon the records of the Secretary of State from the name of the applying corporation; or  (2) the applicant delivers to the Secretary of State a certified copy of a final judgment of a court of competent jurisdiction establishing the applicant's right to use the name applied for in this state.    (d) A corporation may use the name (including the fictitious name) of another domestic or foreign business or nonprofit corporation that is used in this state if the other corporation is incorporated or authorized to do business in this state and the proposed user corporation:  (1) has merged with the other corporation;  (2) has been formed by reorganization of the other corporation; or  (3) has acquired all or substantially all of the assets, including the corporate name, of the other corporation.    (e) This chapter does not control the use of fictitious names.
AR Code § 4-33-402 (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 4 - Names|§ 4-33-402. Reserved name

 (a) A person may reserve the exclusive use of a corporate name, including a fictitious name for a foreign corporation whose corporate name is not available by delivering an application to the Secretary of State for filing. Upon finding that the corporate name applied for is available, the Secretary of State shall reserve the name for the applicant's exclusive use for a nonrenewable one hundred twenty-day period.  (b) The owner of a reserved corporate name may transfer the reservation to another person by delivering to the Secretary of State a signed notice of the transfer that states the name and address of the transferee.
AR Code § 4-33-403 (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 4 - Names|§ 4-33-403. Registered name

 (a) A foreign corporation may register its corporate name, or its corporate name with any change required by § 4-33-1506, if the name is distinguishable upon the records of the Secretary of State from:  (1) the corporate name of a nonprofit or business corporation incorporated or authorized to do business in this state; and  (2) a corporate name reserved under § 4-33-402 or § 4-26-402 or § 4-27-402 or registered under this section.    (b) A foreign corporation registers its corporate name, or its corporate name with any change required by § 4-33-1506 by delivering to the Secretary of State an application:  (1) setting forth its corporate name, or its corporate name with any change required by § 4-33-1506, the state or country and date of its incorporation, and a brief description of the nature of the activities in which it is engaged; and  (2) accompanied by a certificate of existence (or a document of similar import) from the state or country of incorporation.    (c) The name is registered for the applicant's exclusive use upon the effective date of the application.  (d) A foreign corporation whose registration is effective may renew it for successive years by delivering to the Secretary of State for filing a renewal application, which complies with the requirements of subsection (b) of this section, between October 1 and December 31 of the preceding year. The renewal application renews the registration for the following calendar year.  (e) A foreign corporation whose registration is effective may thereafter qualify as a foreign corporation under that name or consent in writing to the use of that name by a corporation thereafter incorporated under this chapter or by another foreign corporation thereafter authorized to transact business in this state. The registration terminates when the domestic corporation is incorporated or the foreign corporation qualifies or consents to the qualification of another foreign corporation under the registered name.
AR Code § 4-33-1101 (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 11 - Merger|§ 4-33-1101. Approval of plan of merger

 (a) Subject to the limitations set forth in § 4-33-1102, two (2) or more nonprofit corporations may merge, if the plan of merger is approved or provided in § 4-33-1103.  (b) The plan of merger must set forth:  (1) the name of each corporation planning to merge and the name of the surviving corporation into which each plans to merge;  (2) the terms and conditions of the planned merger;  (3) the manner and basis, if any, of converting the memberships of each public benefit or religious corporation into memberships of the surviving corporation; and  (4) if the merger involves a mutual benefit corporation, the manner and basis, if any, of converting memberships of each merging corporation into memberships, obligations or securities of the surviving or any other corporation or into cash or other property in whole or in part.    (c) The plan of merger may set forth:  (1) any amendments to the articles of incorporation or bylaws of the surviving corporation to be effected by the planned merger; and  (2) other provisions relating to the planned merger.
AR Code § 4-33-1102 (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 11 - Merger|§ 4-33-1102. Limitations on mergers by public benefit or religious corporations

 (a) Without the prior approval of the circuit court of the county in which the corporation's principal office (or, if none in this state, its registered office) is located, a public benefit or religious corporation may merge only with:  (1) a public benefit or religious corporation;  (2) a foreign corporation that would qualify under this chapter as a public benefit or religious corporation; or  (3) a mutual benefit corporation, provided the public benefit or religious corporation is the surviving corporation and continues to be a public benefit corporation or religious corporation after the merger.    (b) Without an order of the circuit court of the county in which the corporation's principal office (or, if none in this state, its registered office) is located, no member of a public benefit or religious corporation may receive or keep anything as a result of a merger other than a membership or membership in the surviving public benefit or religious corporation. The court shall approve the transaction if it is in the public interest.
AR Code § 4-33-1104 (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 11 - Merger|§ 4-33-1104. Articles of merger

 After a plan of merger is approved by the board of directors, and if required by § 4-33-1103, by the members and any other persons, the surviving or acquiring corporation shall deliver to the Secretary of State articles of merger setting forth:   (1) the plan of merger;  (2) if approval of members was not required, a statement to that effect and a statement that the plan was approved by a sufficient vote of the board of directors;  (3) if approval by members was required:  (i) the designation, number of memberships outstanding, number of votes entitled to be cast by each class entitled to vote separately on the plan, and number of votes of each class indisputably voting on the plan; and  (ii) either the total number of votes cast for and against the plan by each class entitled to vote separately on the plan or the total number of undisputed votes cast for the plan by each class and a statement that the number cast for the plan by each class was sufficient for approval by that class;    (4) if approval of the plan by some person or persons other than the members or the board is required pursuant to § 4-33-1103(a)(3), a statement that the approval was obtained.
AR Code § 4-33-1105 (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 11 - Merger|§ 4-33-1105. Effect of merger

 When a merger takes effect:   (1) every other corporation party to the merger merges into the surviving corporation and the separate existence of every corporation except the surviving corporation ceases;  (2) the title to all real estate and other property owned by each corporation party to the merger is vested in the surviving corporation without reversion or impairment subject to any and all conditions to which the property was subject prior to the merger;  (3) the surviving corporation has all liabilities and obligations of each corporation party to the merger;  (4) a proceeding pending against any corporation party to the merger may be continued as if the merger did not occur or the surviving corporation may be substituted in the proceeding for the corporation whose existence ceased; and  (5) the articles of incorporation and bylaws of the surviving corporation are amended to the extent provided in the plan of merger.
AR Code § 4-33-1106 (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 11 - Merger|§ 4-33-1106. Merger with foreign corporation

 (a) Except as provided in § 4-33-1102, one (1) or more foreign nonprofit corporations may merge with one (1) or more domestic nonprofit corporations if:  (1) the merger is permitted by the law of the state or country under whose law each foreign corporation is incorporated and each foreign corporation complies with that law in effecting the merger;  (2) the foreign corporation complies with § 4-33-1104 if it is the surviving corporation of the merger; and  (3) each domestic nonprofit corporation complies with the applicable provisions of §§ 4-33-1101 — 4-33-1103 and, if it is the surviving corporation of the merger, with § 4-33-1104.    (b) Upon the merger taking effect, the surviving foreign business or nonprofit corporation may be served with process in any proceeding brought against it as provided in § 4-20-113.
AR Code § 4-33-1107 (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 11 - Merger|§ 4-33-1107. Bequests, devises and gifts

 Any bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance, that is made to a constituent corporation and that takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides.
AR Code § 4-33-1108 (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 11 - Merger|§ 4-33-1108. Continuation of prior corporate existence for limited purpose

 (a) The corporate existence of each constituent corporation which has been dissolved through merger or consolidation shall be continued indefinitely for the limited purpose of enabling the constituent corporation to execute through its own officers formal deeds, conveyances, assignments, and other instruments evidencing the transfer from the constituent to the surviving corporation, or new corporation created by consolidation, of any or all real and personal properties which have passed from the constituent to the surviving or consolidated corporation by operation of law.  (b) The execution of the instruments shall not be essential to effect the transfer of title from the constituent to the surviving or consolidated corporation, inasmuch as the transfer will take effect through operation of law; but the power to execute such instruments is given to the end that it may be exercised:  (1) In respect to properties located in foreign jurisdictions which may not recognize a transmittal of title by operation of law under the merger and consolidation statutes of this state; and  (2) In any other situation where the directors of the surviving or consolidated corporation consider the execution of the instruments desirable.
AR Code § 4-33-1201 (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 12 - Sale of Assets|§ 4-33-1201. Sale of assets in regular course of activities and mortgage of assets

 (a) A corporation may on the terms and conditions and for the consideration determined by the board of directors:  (1) sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or  (2) mortgage, pledge, dedicate to the repayment of indebtedness (whether with or without recourse), or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.    (b) Unless the articles require it, approval of the members or any other person of a transaction described in subsection (a) of this section is not required.
AR Code § 4-33-1301 (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 13 - Distributions|§ 4-33-1301. Prohibited distributions

 Except as authorized by § 4-33-1302, a corporation shall not make any distributions.
AR Code § 4-33-1302 (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 13 - Distributions|§ 4-33-1302. Authorized distributions

 (a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:  (1) the corporation would be able to pay its debts as they become due in the usual course of its activities; and  (2) the corporation's total assets would at least equal the sum of its total liabilities.    (b) Corporations may make distributions upon dissolution in conformity with §§ 4-33-1401 et seq.  (c) Corporations that are organized and operated as cooperative within the meaning of Subchapter T of the Internal Revenue Code of 1986, as amended, Internal Revenue Code §§ 1381 — 1388, may make distributions to their members in accordance with Subchapter T.
AR Code § 4-33-1601 (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 16 - Conversion to a Public Water Authority|§ 4-33-1601. Conversion to a public water authority

 A corporation which meets the definition of a qualified corporation, as defined by § 4-35-103, may adopt a plan to convert its entity status from that of a nonprofit corporation to a water authority pursuant to § 4-35-101 et seq., unless the articles or bylaws require otherwise, if the conversion is approved:   (1) By a majority of the members of the board of directors of the corporation; and  (2) If the corporation has members, by the lesser of:  (A) Two-thirds (2/3) of the votes cast by the members in person or by proxy at a regular or special meeting of the members at which a quorum as defined in § 4-33-722 is present; or  (B) A majority of the members.