reglab/housing_qa huggingface dataset:
AR Code § 4-27-1906 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 19 - Arkansas Business Portal Act|§ 4-27-1906. Applications for licenses — Initial — Renewal

 (a) A business may submit an application to the Secretary of State on a form prescribed by the Secretary of State for a state business license under this subchapter.  (b)  (1) A business shall renew the state business license annually as long as the business is operating within this state.  (2) A business shall apply for renewal of a license issued under this subchapter by submitting an application for renewal on the form prescribed by the Secretary of State.    (c) An application for a state business license under this subchapter shall:  (1) Be made using an online form as determined by the Secretary of State;  (2)  (A) State the name under which the applicant transacts or intends to transact business.  (B) If the applicant is an entity organized under this chapter and on file with the Secretary of State, the applicant shall state the exact name on file with the Secretary of State, including the entity number as assigned by the Secretary of State, if known, and all the applicant's places of business;    (3) Be accompanied by a fee in the amount of one hundred fifty dollars ($150); and  (4) Include any other information that the Secretary of State deems necessary.    (d) If an applicant is an entity organized under this chapter and on file with the Secretary of State and the applicant does not have an established principal place of business located within the state, the address of the applicant's registered agent is the location of the applicant's principal place of business within this state.  (e) The application shall be signed by:  (1) The owner of a business that is owned by a natural person;  (2) A member or partner of an association or partnership;  (3) A general partner of a limited partnership;  (4) A managing partner of a limited-liability partnership;  (5) A manager or managing member of a limited-liability company; or  (6) An officer of a corporation or an individual specifically authorized by the corporation to sign the application.    (f) If the application for a state business license is defective or incomplete, the Secretary of State may return the incomplete application to the applicant to complete or to submit proper payment.  (g) A state business license under this subchapter does not replace or substitute an authorization or license required to conduct business from a local jurisdiction where the business activity is conducted.  (h) A person may apply for a license under this subchapter if a business for which a person is responsible:  (1) Is organized under this chapter;  (2) Has an office or other base of operations within this state;  (3) Has a registered agent that is located within this state; and  (4) Pays wages or other remuneration to an individual who performs any duties associated with the business within this state.
AR Code § 4-27-1907 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 19 - Arkansas Business Portal Act|§ 4-27-1907. Rules

 The Secretary of State shall adopt rules to implement and administer this subchapter.
AR Code § 4-27-1908 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 27 - Business Corporation Act of 1987|Subchapter 19 - Arkansas Business Portal Act|§ 4-27-1908. Noncompliance

 (a) If a person that holds a state business license fails to comply with this subchapter or any rule of the Secretary of State adopted under this subchapter, the Secretary of State may revoke or suspend the state business license of the person as determined by the Secretary of State.  (b) If a state business license is suspended or revoked, the Secretary of State shall provide written notice of the action to the licensee.  (c) The Secretary of State shall not issue a new license to the former holder of a revoked state business license unless the Secretary of State finds that the applicant is complying with this subchapter and the rules of the Secretary of State adopted under this subchapter.
AR Code § 4-28-101 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 1 - General Provisions|§ 4-28-101. Fairs and associations of public nature

 (a) Agricultural and mechanical fair associations and other associations of a public nature and designed to promote the public good may be constituted bodies politic and corporate in the manner provided by law for business corporations, and the capital stock may be divided and held in shares of two dollars ($2.00) each.  (b) No profits or dividends shall ever be declared or paid under this section; however, dividends may be paid to the amount of money paid in by the stockholders on their respective shares.  (c) This section shall not be construed to prohibit the associations from being chartered and incorporated with the powers and privileges and in the manner provided by law.
AR Code § 4-28-102 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 1 - General Provisions|§ 4-28-102. Religious, literary, benevolent, etc., corporations — Fees

 There shall be allowed and collected by the Secretary of State, and accounted for by him or her to the State Treasury in the same manner as all other fees are or shall be directed to be accounted for by state officers, a fee for receiving each draft of articles, or charter, of a private incorporation created for religious, literary, benevolent, or scientific purposes and not for purposes of pecuniary profit, directly or indirectly, of two dollars and fifty cents ($2.50).
AR Code § 4-28-103 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 1 - General Provisions|§ 4-28-103. Statutory life insurance beneficiaries

 (a) For the purposes of this section, “public funds” means all federal, state, county, municipal, or other funds received from any taxing unit.  (b)  (1) Nonprofit corporations shall not use public funds to purchase key-man life insurance as a form of deferred compensation.  (2) The insured employee shall not receive any cash values or other benefits from the purchase of key-man life insurance with public funds.  (3) Nonprofit corporations purchasing key-man life insurance with public funds shall not transfer ownership or any other rights under such policies directly or indirectly to the insured.    (c) Nonprofit corporations violating subsection (b) of this section shall not be eligible to receive any public funds for a period of two (2) years from the date the violations are discovered.  (d)  (1)  (A) Notwithstanding any other law or rule to the contrary, any religious, educational, charitable, or benevolent institution, organization, corporation, association, or trust, including, but not limited to, charitable remainder trusts, may be named beneficiary or owner, or both, of the policy or contract by any applicant for insurance upon his or her own life in any policy of life insurance issued by any life insurance company authorized to do business in this state or in the state of domicile of the applicant for insurance.  (B) The applicant for insurance shall be deemed to have an unlimited insurable interest in his or her own life and is entitled to name any of the institutions as beneficiary of the insurance, and the beneficiaries or owners, or both, shall have the right to receive all death benefits provided for by the policy and to exercise the rights of ownership if granted ownership.    (2) As to any life insurance policies heretofore issued by insurers naming any of the aforementioned institutions as beneficiaries or owners, or both, if the applicant for insurance was also the insured, the beneficiaries or owners, or both, shall be entitled to receive all death benefits provided by the policy and to exercise the rights of ownership if granted ownership.
AR Code § 4-28-104 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 1 - General Provisions|§ 4-28-104. Audit of nonprofit organization

 (a) For purposes of this section:  (1) “Nonprofit organization” means an organization exempt from taxation under § 26 U.S.C. 501(c)(3); and  (2) “State financial assistance” means all state funds given, granted, or disbursed to a nonprofit organization pursuant to appropriation laws to provide services for the citizens of this state or for capital projects.    (b)  (1) Any nonprofit organization receiving state financial assistance shall be subject to audit of its receipt and expenditure of state financial assistance by Arkansas Legislative Audit.  (2) An audit shall be conducted by Arkansas Legislative Audit only after approval by the Legislative Joint Auditing Committee.
AR Code § 4-28-105 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 1 - General Provisions|§ 4-28-105. Capacity to assert and defend — Standing

 (a) A nonprofit organization may, in its own name, institute, defend, intervene, or participate in a judicial, administrative, or other governmental proceeding or in an arbitration, mediation, or any other form of alternative dispute resolution.  (b) A nonprofit organization may, in its own name, assert a claim on behalf of its members if:  (1) One (1) or more members of the nonprofit organization have standing to assert a claim in their own rights;  (2) The interests the nonprofit organization seeks to protect are germane to its purpose; and  (3) Neither the claim asserted nor the relief requested requires the participation of a member.
AR Code § 4-28-201 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-201. Title

 Sections 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 shall be known as the “Arkansas Nonprofit Corporation Act”.
AR Code § 4-28-202 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-202. Definitions

 As used in §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224, unless the context otherwise requires:   (1) “Board of directors” means the group of persons vested with the management of the affairs of the corporation;  (2) “Corporation” means a domestic corporation not for profit subject to the provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224;  (3) “Foreign corporation” means a corporation not for profit organized under laws other than the laws of this state; and  (4) “Not-for-profit corporation” means a corporation no part of the income of which is distributable to its members, directors, or officers. Sections 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 shall apply only to corporations organized under the laws of this state authorizing organization of nonprofit corporations.
AR Code § 4-28-203 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-203. Applicability of subchapter

 (a) The provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 relating to domestic corporations shall apply to:  (1) All corporations organized hereunder; and  (2) All not-for-profit corporations heretofore organized under any act hereby repealed, for the purposes for which a corporation might be organized under §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224.    (b) The provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 relating to foreign corporations shall apply to all foreign not-for-profit corporations conducting affairs in this state for purposes for which a corporation might be organized under §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224. However, §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 shall not apply to any corporation whose membership is composed of corporations which file annual statements with a department or agency of this or some other state.
AR Code § 4-28-204 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-204. Effect on preexisting corporations

 (a) The provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 shall in no way affect any nonprofit corporation chartered under and in accordance with the laws of this state existing prior to March 7, 1963.  (b) Any such nonprofit corporation organized prior to March 7, 1963, and which has not filed a copy of the order or action whereby it was granted corporate status under the then existing law may file a certified copy of the order or action from the clerk of the court wherein the authority was granted, together with a filing fee of ten dollars ($10.00), with the Secretary of State, and the filing shall evidence the incorporation and shall entitle the organization to recognition of its legal status, the same as one formed under the provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224.
AR Code § 4-28-205 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-205. Lawful purposes

 Corporations may be organized under §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 for any lawful purpose including, without being limited to any one (1) or more of the following purposes: charitable; benevolent; eleemosynary; educational; civic; patriotic; political; religious; social; fraternal; literary; cultural; athletic; scientific; agricultural; horticultural; animal husbandry; and professional, commercial, industrial, or trade association. However, labor unions, rural electric corporations, cooperative agricultural or marketing associations, etc., organized for either direct or indirect financial gain or advantage, and any cooperative associations coming within the purview of §§ 4-30-101 — 4-30-117, 4-30-201, 4-30-202, and 4-30-204 — 4-30-207 shall be governed by the particular acts applicable to such associations.
AR Code § 4-28-207 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-207. Charitable, religious, etc., organizations — Amendment of articles of incorporation by operation of law

 Notwithstanding any provision of Arkansas law or in the articles of incorporation to the contrary, the articles of incorporation of each nonprofit corporation organized under the laws of this state which is an exempt charitable, religious, literary, educational, or scientific organization as described in section 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3), shall be deemed to contain the following provisions:   “Upon the dissolution of the corporation, the board of trustees shall, after paying or making provision for the payment of all of the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purposes of the corporation in such manner, or to such charitable, educational, religious, literary, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1954, or the corresponding provision of any future United States Internal Revenue Law, as the board of trustees shall determine. Any such assets not so disposed of shall be disposed of by the circuit court of the county in which the principal office of the corporation is then located, exclusively for such purposes or to such organization or organizations, as said court shall determine, which are organized and operated exclusively for such purposes.”
AR Code § 4-28-208 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-208. Private foundations — Amendment of articles of incorporation by operation of law

 (a) Notwithstanding any provision in the laws of this state, including the provisions of the Arkansas Nonprofit Corporation Act, §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224, or in the articles of incorporation to the contrary, except as provided in subsection (c) of this section, the articles of incorporation of each corporation which is a “private foundation” as defined in section 509 of the Internal Revenue Code of 1954, 26 U.S.C. § 509, shall be deemed to contain the following provisions:  (b) With respect to any such corporation organized prior to January 1, 1970, subsection (a) of this section shall apply only for its taxable years beginning on or after January 1, 1972.  (c) The articles of incorporation of any corporation described in subsection (a) of this section may be amended to expressly exclude the application of this section, and in the event of amendment, this section shall not apply to that corporation.  (d) Nothing contained in this section shall impair the rights and powers of the courts or any officer, agency, or department of this state with respect to any corporation.  (e) As used in this section, unless the context requires otherwise, all references to “the Code” are to the Internal Revenue Code of 1954, 26 U.S.C. § 1 et seq., and all references to specific sections of the Code include future amendments to the sections and corresponding provisions of any future federal tax laws.    “The corporation shall make distributions at such time and in such manner as not to become subject to the tax on undistributed income imposed by section 4942 of the Internal Revenue Code of 1954; the corporation shall not engage in any act of self-dealing (as defined in section 4941(d) of the Code) which would subject it to tax under section 4941 of the Code; the corporation shall not retain any excess business holdings (as defined in section 4943(c) of the Code) which would subject it to tax under section 4943 of the Code; the corporation shall not make any investments in such manner as to subject it to tax under section 4944 of the Code; and the corporation shall not make any taxable expenditures (as defined in section 4945(d) of the Code) which would subject it to tax under section 4945 of the Code.”
AR Code § 4-28-209 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-209. Powers

 Each corporation shall have power:   (1) To have perpetual succession by its corporate name unless a limited period of duration is stated in its articles of incorporation;  (2) To sue and be sued, complain, and defend in its corporate name;  (3) To purchase, take, receive, lease, take by gift, devise, or bequest, or otherwise acquire, own, hold, improve, use, and otherwise deal in and with real or personal property or any interest therein, wherever situated;  (4) To sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of its property and assets;  (5) To make contracts and incur liabilities, borrow money, issue its notes, bonds, and other obligations, act as a trustee, and secure any of its obligations by mortgage or pledge of all or any of its property, franchises, and income;  (6) To manage its internal affairs in any desired manner so long as the provisions of the Arkansas Nonprofit Corporation Act, §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224, or other law are not violated; and  (7) To do any and all things necessary, convenient, useful, or incidental to the attainment of its purposes as fully and to the same extent as natural persons lawfully might or could do so long as consistent with the provisions of the Arkansas Nonprofit Corporation Act, §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224.
AR Code § 4-28-210 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-210. Members

 (a) A corporation may have one (1) or more classes of members, or may have no members, as provided in the articles of incorporation.  (b)  (1) If a membership fee is collected, a serially numbered certificate evidencing the membership fee shall be issued.  (2) The records of the corporation shall clearly indicate the amount of the fee collected for each serially numbered certificate of membership.  (3) If honorary membership certificates are issued, the records of the corporation shall reflect each and every one (1) issued.
AR Code § 4-28-211 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 3 - Corporations and Associations|Chapter 28 - Nonprofit Organizations|Subchapter 2 - Arkansas Nonprofit Corporation Act|§ 4-28-211. Board of directors

 (a) The directors constituting the first board of directors shall be named in the articles of incorporation and shall hold office until their successors have been elected and qualified. Thereafter, the board of directors shall be elected by vote of the entire membership of the corporation.  (b) The number of directors shall be fixed by the articles of incorporation except that they shall not be fewer than three (3).  (c) The terms of office of the board of directors shall be fixed by the articles of incorporation. However, the terms of office for a perpetually existing corporation shall be not less than one (1) year nor more than six (6) years, and the terms of office for a corporation of limited duration shall be for not more than one-third (1/3) of the stated period of duration.  (d) Nothing contained in this section shall prevent the staggering of the terms of office of the board of directors, but in no case may a director or directors hold office for longer than his or her specified term, except by reelection as provided in the articles of incorporation and in a manner consistent with the Arkansas Nonprofit Corporation Act, §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224.