reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-625 - Right of member or manager to information

(a)
On reasonable notice, a member or manager of an unincorporated nonprofit association may inspect and copy during the unincorporated nonprofit association's regular operating hours, at a reasonable location specified by the association, any record maintained by the association regarding its activities, financial condition, and other circumstances, to the extent the information is material to the member's or manager's rights and duties under the governing principles.
(b)
An unincorporated nonprofit association may impose reasonable restrictions on access to and use of information to be furnished under this section, including designating the information confidential and imposing obligations of nondisclosure and safeguarding on the recipient.
(c)
An unincorporated nonprofit association may charge a person that makes a demand under this section reasonable copying costs, limited to the costs of labor and materials.
(d)
A former member or manager is entitled to information to which the member or manager was entitled while a member or manager if the information pertains to the period during which the person was a member or manager, the former member or manager seeks the information in good faith, and the former member or manager satisfies subsections (a) through (c) of this section.
(e)
This section shall not affect a record or information that may be accessed by the public under the Freedom of Information Act of 1967, §
25-19-101
et seq.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-626 - Distributions prohibited; Compensation and other permitted payments

(a)
Except as otherwise provided in subsection (b), an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.
(b)
An unincorporated nonprofit association may:
(1)
pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2)
confer benefits on a member or manager in conformity with its nonprofit purposes;
(3)
repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or
(4)
make distributions of property to members upon winding up and termination to the extent permitted by §
4-28-629
.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-627 - Reimbursement; Indemnification; Advancement of expenses

(a)
Except as otherwise provided in the governing principles, an unincorporated nonprofit association shall reimburse a member or manager for authorized expenses reasonably incurred in the course of the member's or manager's activities on behalf of the association.
(b)
An unincorporated nonprofit association may indemnify a member or manager for any debt, obligation, or other liability incurred in the course of the member's or manager's activities on behalf of the association if the person seeking indemnification has complied with §§
4-28-618
and
4-28-623
. Governing principles in a record may broaden or limit indemnification.
(c)
If a person is made or threatened to be made a party in an action based on that person's activities on behalf of an unincorporated nonprofit association and the person makes a request in a record to the association, a majority of the disinterested managers may approve in a record advance payment, or reimbursement, by the association, of all or a part of the reasonable expenses, including attorney's fees and costs, incurred by the person before the final disposition of the proceeding. To be entitled to an advance payment or reimbursement, the person must state in a record that the person has a good faith belief that the criteria for indemnification in subsection (b) have been satisfied and that the person will repay the amounts advanced or reimbursed if the criteria for payment have not been satisfied. The governing principles in a record may broaden or limit the advance payments or reimbursements.
(d)
An unincorporated nonprofit association may purchase insurance on behalf of a member or manager for liability asserted against or incurred by the member or manager in the capacity of a member or manager, whether or not the association has authority under this subchapter to reimburse, indemnify, or advance expenses to the member or manager against the liability.
(e)
The rights of reimbursement, indemnification, and advancement of expenses under this section apply to a former member or manager for an activity undertaken on behalf of the unincorporated nonprofit association while a member or manager.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-628 - Dissolution

(a)
An unincorporated nonprofit association may be dissolved as follows:
(1)
if the governing principles provide a time or method for dissolution, at that time or by that method;
(2)
if the governing principles do not provide a time or method for dissolution, upon approval by the members;
(3)
if no member can be located and the association's operations have been discontinued for at least three years, by the managers or, if the association has no current manager, by its last manager;
(4)
by court order; or
(5)
under law other than this subchapter.
(b)
After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to §
4-28-629
.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-629 - Winding up and termination

Winding up and termination of an unincorporated nonprofit association must proceed in accordance with the following rules:
(1)
All known debts and liabilities must be paid or adequately provided for.
(2)
Any property subject to a condition requiring return to the person designated by the donor must be transferred to that person.
(3)
Any property subject to a trust must be distributed in accordance with the trust agreement.
(4)
Any remaining property must be distributed as follows:
(A)
as required by law other than this subchapter that requires assets of an association to be distributed to another person with similar nonprofit purposes;
(B)
in accordance with the association's governing principles or in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or
(C)
if neither subparagraph (A) nor (B) applies, under the Unclaimed Property Act, §
18-28-201
et seq.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-631 - Transition concerning real and personal property

(a)
If, before January 1, 2012, an interest in property was by terms of a transfer purportedly transferred to an unincorporated nonprofit association but under the law of this state the interest did not vest in the association, or in one or more persons on behalf of his or her association under subsection (b) on January 1, 2012, the interest vests in the association, unless the parties to the transfer have treated the transfer as ineffective.
(b)
If before January 1, 2012, an interest in property was by terms of a transfer purportedly transferred to an unincorporated nonprofit association but the interest was vested in one or more persons to hold the interest for members of the association, on or after January 1, 2012, the persons, or their successors in interest, may transfer the interest to the association in its name, or the association may require the interest be transferred to it in its name.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-632 - Uniformity of application and construction

In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-633 - Relation to Electronic Signatures in Global and National Commerce Act

This subchapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act,
15 U.S.C. § 7001
, et seq., but does not modify, limit, or supersede section 101(c) of that act,
15 U.S.C. § 7001(c)
, or authorize electronic delivery of any of the notices described in section 103(b) of that act,
15 U.S.C. § 7003(b)
.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-634 - Savings clause

This subchapter does not affect an action or proceeding commenced or right accrued before this subchapter takes effect.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 28 - NONPROFIT ORGANIZATIONS (§§ 4-28-101 — 4-28-636) › Subchapter 6 - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT (§§ 4-28-601 — 4-28-636) › Section 4-28-636 - Effective date

This subchapter takes effect January 1, 2012.
Acts 2011, No. 202, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 1 - GENERAL PROVISIONS (§ 4-29-101) › Section 4-29-101 - Persons associated with professional corporations - Limitations on personal liability

(a)
No person shall be personally liable for any obligation or liability of any shareholder, director, officer, agent, or employee of a professional corporation solely because the person is a shareholder, director, officer, agent, or employee of the professional corporation.
(b)
In addition, no person shall be personally liable for any obligations or liabilities of a professional corporation solely because the person is a shareholder, director, officer, agent, or employee of the professional corporation.
Acts 1991, No. 1146, § 1.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-201 - Title

This subchapter may be cited as the "Arkansas Professional Corporation Act".
Acts 1963, No. 155, § 1; A.S.A. 1947, § 64-2001.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-202 - Definitions

As used in this subchapter, unless the context otherwise requires:
(1)
"Beneficial owner" means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2)
"Professional service" means any type of professional service which may be legally performed only pursuant to a license or other legal personal authorization for example, the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3)
"Shareholder" means either:
(A)
The person in whose name shares are registered in the records of a corporation; or
(B)
The beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.
Acts 1963, No. 155, § 2; 1970 (Ex. Sess.), No. 13, § 1; A.S.A. 1947, § 64-2002; Acts 1997, No. 306, § 1.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-203 - Subchapter optional

(a)
Nothing in this subchapter shall be construed to amend, repeal, or supersede all or any part of the Medical Corporation Act, §
4-29-301
et seq., or Dental Corporation Act, §
4-29-401
et seq., and insofar as those acts are concerned in relation to this subchapter, this subchapter shall be construed as being optional.
(b)
This subchapter shall also be optional to other professional corporations now legally doing business in the State of Arkansas.
Acts 1963, No. 155, § 18; A.S.A. 1947, § 64-2018.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-204 - Application of Arkansas Business Corporation Act

(a)
The Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., shall be applicable to such professional corporations, including their organization, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations except so far as they may be limited or enlarged by this subchapter.
(b)
If any provision of this subchapter conflicts with the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., this subchapter shall take precedence.
(c)
If any person incorporating under the Arkansas Professional Corporation Act, §
4-29-201
et seq., the Medical Corporation Act, §
4-29-301
et seq., or the Dental Corporation Act, §
4-29-401
et seq., needs to convert to a business corporation as governed by the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., that professional association may do so by filing an amendment in accordance with §
4-27-1006
, provided that the relevant licensing agency allows.
Acts 1963, No. 155, § 3; 1970 (Ex. Sess.), No. 13, § 2; A.S.A. 1947, § 64-2003; Acts 1999, No. 481, § 1.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-205 - Professional relationships unaltered

This subchapter does not alter any law applicable to the relationship between a person furnishing professional service and a person receiving the service, including liability arising out of the professional service.
Acts 1963, No. 155, § 15; A.S.A. 1947, § 64-2015.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-206 - Formation of corporation

(a)
One (1) or more persons duly and properly licensed under and pursuant to the laws of the State of Arkansas to render the same type of professional services, as defined in §
4-29-202
, may form a corporation, pursuant to the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., to own, operate, and maintain a professional corporation and to engage in the professional services thereby authorized, by and through its licensed shareholders, directors, officers, and employees only.
(b)
It is mandatory that such professional services be rendered by or through persons who are duly and properly licensed, individually, to engage in the profession.
Acts 1963, No. 155, § 2; 1970 (Ex. Sess.), No. 13, § 1; A.S.A. 1947, § 64-2002; Acts 2001, No. 728, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-207 - Corporate name

(a)
The corporate name shall contain either:
(1)
The names of one (1) or more of the shareholders;
(2)
The names of one (1) or more deceased former shareholders or deceased members of a predecessor organization; or
(3)
Any combination of the names specified in subdivisions (a)(1) and (2) of this section.
(b)
The name of a person who is not employed by the corporation shall not be included in the corporate name, except that the name of a deceased former shareholder or deceased member of a predecessor organization may continue to be included in the corporate name.
(c)
The corporate name shall end with the word "Chartered", or "Limited", or the abbreviation "Ltd.", or the words "Professional Association", or the abbreviation "P.A.".
Acts 1963, No. 155, § 4; 1973, No. 76, § 1; A.S.A. 1947, § 64-2004.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-208 - Officers, directors, and shareholders

All of the officers, directors, and shareholders of a corporation subject to this subchapter shall be, at all times, persons licensed pursuant to the laws of this state governing their profession. No person who is not so licensed shall have any part in the ownership, management, or control of the corporation, nor may any proxy to vote any shares of the corporation be given to a person who is not so licensed.
Acts 1963, No. 155, § 14; A.S.A. 1947, § 64-2014.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-209 - Employees

Each individual employee licensed pursuant to the laws of this state to engage in his or her profession who is employed by a corporation subject to this subchapter shall remain subject to reprimand or discipline for his or her conduct under the provisions of the laws or rules governing or applicable to his or her profession.
Amended by Act 2019, No. 315,§ 112, eff. 7/24/2019.
Acts 1963, No. 155, § 16; A.S.A. 1947, § 64-2016.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-210 - Certificate of registration - Issuance, renewal, etc

(a)
No corporation shall open, operate, or maintain an establishment for any of the purposes set forth in §§
4-29-202
and
4-29-206
without a certificate of registration from the state board, department, or agency, as the case may be, authorized by law to license individuals to engage in the profession concerned.
(b)
Applications for registration shall be made in writing and shall contain the name and address of the corporation and such other information as may be required by the board, department, or agency.
(c)
(1)
Upon receipt of the application, the board, department, or agency shall make an investigation of the corporation.
(2)
If it finds that the incorporators, officers, directors, and shareholders are each licensed pursuant to the laws of Arkansas to engage in the particular profession involved, and if no disciplinary action is pending before it against any of them, and if it appears that the corporation will be conducted in compliance with the law and the rules of the board, department, or agency, it shall issue, upon payment of a registration fee of twenty-five dollars ($25.00), a certificate of registration which shall remain effective until January 1 following the date of the registration.
(d)
Upon written application of the holder, accompanied by a fee of ten dollars ($10.00), the board, department, or agency which originally issued the certificate of registration shall annually renew the certificate of registration if it finds that the corporation has complied with its rules and the provisions of this subchapter.
(e)
The certificate of registration shall be conspicuously posted upon the premises to which it is applicable.
(f)
In the event of a change of location of the registered establishment, the board, department, or agency, in accordance with its rules, shall amend the certificate of registration so that it shall apply to the new location.
(g)
No certificate of registration shall be assignable.
Amended by Act 2019, No. 315,§ 115, eff. 7/24/2019.
Amended by Act 2019, No. 315,§ 114, eff. 7/24/2019.
Amended by Act 2019, No. 315,§ 113, eff. 7/24/2019.
Acts 1963, No. 155, §§ 5-9; A.S.A. 1947, §§ 64-2005 -- 64-2009.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-211 - Certificate of registration - Suspension or revocation

(a)
The state board, department, or agency which issued the certificate of registration may suspend or revoke it for any of the following reasons:
(1)
The revocation or suspension of the license to practice the profession of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation;
(2)
Unethical professional conduct on the part of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation;
(3)
The death of the last remaining shareholder; or
(4)
Upon finding that the holder of a certificate has failed to comply with the provisions of this subchapter or the rules prescribed by the state board, department, or agency that issued it.
(b)
Before any certificate of registration is suspended or revoked, the holder shall be given written notice of the proposed action and the reasons therefor and shall be given a public hearing by the state board, department, or agency giving the notice, with the right to produce testimony and other evidence concerning the charges made. The notice shall also state the place and date of the hearing, which shall be at least ten (10) days after service of the notice.
Amended by Act 2019, No. 315,§ 116, eff. 7/24/2019.
Acts 1963, No. 155, §§ 10, 11; A.S.A. 1947, §§ 64-2010, 64-2011.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-212 - Certificate of registration - Appeal from denial, suspension, or revocation

(a)
Any corporation, save and except attorneys at law, whose application for a certificate of registration has been denied or whose registration has been suspended or revoked may appeal within thirty (30) days after notice of the action by the board, department, or agency to the Pulaski County Circuit Court.
(b)
The court shall inquire into the cause of the board, department, or agency action and may affirm or reverse the decision and order a further hearing by the board, or may order the board to grant the appellant a certificate of registration.
(c)
The appeal shall be in the manner provided by law.
(d)
Notice of appeal shall be served upon the secretary of the board, department, or agency by serving the secretary a copy thereof within thirty (30) days after it has notified the appellant of its decision. The service may be by registered or certified mail.
Acts 1963, No. 155, §§ 12, 13; A.S.A. 1947, §§ 64-2012, 64-2013.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 2 - ARKANSAS PROFESSIONAL CORPORATION ACT (§§ 4-29-201 — 4-29-213) › Section 4-29-213 - Shares of deceased or disqualified shareholder - Price

If the articles of incorporation or bylaws of a corporation subject to this subchapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualified to own shares in the corporation, then the price for the shares shall be the book value as of the end of the month immediately preceding the death or disqualification of the shareholder. Book value shall be determined from the books and records of the corporation in accordance with the regular method of accounting used by the corporation.
Acts 1963, No. 155, § 17; A.S.A. 1947, § 64-2017.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-301 - Title

This subchapter may be cited as the "Medical Corporation Act".
Acts 1961, No. 179, § 1; A.S.A. 1947, § 64-1701; Acts 1997, No. 306, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-302 - Definitions

As used in this subchapter:
(1)
"Beneficial owner" means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2)
"Foreign medical corporation" means a corporation:
(A)
Organized under laws other than the laws of this state; and
(B)
In which all officers, directors, and shareholders of the corporation are licensed to practice medicine in the state of incorporation;
(3)
"Professional service" means any type of professional service that may be legally performed only pursuant to a license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(4)
"Shareholder" means either:
(A)
The person in whose name shares are registered in the records of a corporation; or
(B)
The beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the names of the revocable living trust.
Amended by Act 2013, No. 135,§ 1, eff. 2/20/2013.
Acts 1961, No. 179, § 1; A.S.A. 1947, § 64-1701; Acts 1997, No. 306, § 2.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-303 - Application of Arkansas Business Corporation Act

(a)
The Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., shall be applicable to such corporations, including their organization, except that the required number of incorporators of a medical corporation shall be one (1) or more, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations, except so far as the same may be limited or enlarged by this subchapter.
(b)
If any provision of this subchapter conflicts with the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., this subchapter shall take precedence.
Acts 1961, No. 179, § 3; 1970, (Ex. Sess.), No. 13, § 4; A.S.A. 1947, § 64-1703; Acts 1999, No. 480, § 1.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-304 - Physician-patient relationship unaltered

This subchapter does not alter any law applicable to the relationship between a physician furnishing medical service and a person receiving the service, including liability arising out of the service.
Acts 1961, No. 179, § 15; A.S.A. 1947, § 64-1715.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-305 - Formation of corporation - Employee licensing required

(a)
One (1) or more persons licensed pursuant to the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq., may associate to form a corporation pursuant to the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., to own, operate, and maintain an establishment for the study, diagnosis, and treatment of human ailments and injuries, whether physical or mental, and to promote medical, surgical, and scientific research and knowledge.
(b)
However, medical or surgical treatment, consultation, or advice may be given by employees of the corporation only if they are licensed pursuant to the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq.
Acts 1961, No. 179, § 2; 1970 (Ex. Sess.), No. 13, § 3; A.S.A. 1947, § 64-1702; Acts 2001, No. 728, § 3.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-306 - Corporate name

(a)
(1)
The corporate name may contain the names of one (1) or more of the shareholders.
(2)
However, the name of a person who is not employed by the corporation shall not be included in the corporate name, except that the name of a deceased shareholder may continue to be included in the corporate name for one (1) year following the decease of the shareholder.
(b)
The corporate name shall end with the word "Chartered", or the word "Limited", or the abbreviation "Ltd.", or the words "Professional Association", or the abbreviation "P.A.".
Acts 1961, No. 179, § 4; 1965, No. 435, § 1; A.S.A. 1947, § 64-1704.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-307 - Officers, directors, and shareholders

(a)
All of the officers, directors, and shareholders of a corporation subject to this subchapter shall at all times be persons licensed pursuant to the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq.
(b)
No person who is not so licensed shall have any part in the ownership, management, or control of the corporation, nor may any proxy to vote any shares of the corporation be given to a person who is not so licensed.
Acts 1961, No. 179, § 14; A.S.A. 1947, § 64-1714.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-308 - Employees

Each individual employee licensed pursuant to the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq., who is employed by a corporation subject to this subchapter shall remain subject to reprimand or discipline for his or her conduct under the provisions of the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq.
Acts 1961, No. 179, § 16; A.S.A. 1947, § 64-1716.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-309 - Certificate of registration - Issuance, renewal, etc

(a)
No corporation shall open, operate, or maintain an establishment for any of the purposes set forth in §
4-29-305
without a certificate of registration from the Arkansas State Medical Board.
(b)
Application for the registration shall be made to the board in writing and shall contain the name and address of the corporation and such other information as may be required by the board.
(c)
(1)
Upon receipt of the application, the board shall make an investigation of the corporation.
(2)
If the board finds that the incorporators, officers, directors, and shareholders are each licensed pursuant to the Arkansas Medical Practices Act, §
17-95-201
et seq., §
17-95-301
et seq., and §
17-95-401
et seq., and if no disciplinary action is pending before the board against any of them, and if it appears that the corporation will be conducted in compliance with law and the regulations of the board, the board shall issue, upon payment of a registration fee of twenty-five dollars ($25.00), a certificate of registration which shall remain effective until January 1 following the date of the registration.
(d)
Upon written application of the holder, accompanied by a fee of ten dollars ($10.00), the board shall annually renew the certificate of registration if the board finds that the corporation has complied with its rules and the provisions of this subchapter.
(e)
The certificate of registration shall be conspicuously posted upon the premises to which it is applicable.
(f)
In the event of a change of location of the registered establishment, the board, in accordance with its rules, shall amend the certificate of registration so that it shall apply to the new location.
(g)
No certificate of registration shall be assignable.
(h)
(1)
The board shall not increase or set assessed fees exceeding the amounts in this section.
(2)
If the board determines in its discretion that a reduction is in the best interest of the state, the board may reduce fees below the amounts in this section through the administrative rule process and by the approval of the Governor and either the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee.
Amended by Act 2023, No. 79,§ 1, eff. 8/1/2023.
Amended by Act 2019, No. 315,§ 118, eff. 7/24/2019.
Amended by Act 2019, No. 315,§ 117, eff. 7/24/2019.
Acts 1961, No. 179, §§ 5-9; A.S.A. 1947, §§ 64-1705 -- 64-1709.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-310 - Certificate of registration - Suspension or revocation

(a)
The Arkansas State Medical Board may suspend or revoke any certificate of registration for any of the following reasons:
(1)
The revocation or suspension of the license to practice medicine of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation;
(2)
Unethical professional conduct on the part of any officer, director, shareholder, or employee not promptly removed or discharged by the corporation;
(3)
The death of the last remaining shareholder; or
(4)
Upon finding that the holder of a certificate has failed to comply with the provisions of this subchapter or the rules prescribed by the board.
(b)
(1)
Before any certificate of registration is suspended or revoked, the holder shall be given written notice of the proposed action and the reasons therefor and shall be given a public hearing by the board with the right to produce testimony concerning the charges made.
(2)
The notice shall also state the place and date of the hearing which shall be at least five (5) days after service of the notice.
Amended by Act 2019, No. 315,§ 119, eff. 7/24/2019.
Acts 1961, No. 179, §§ 10, 11; A.S.A. 1947, §§ 64-1710, 64-1711.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-311 - Certificate of registration - Appeal from denial, suspension, or revocation

(a)
Any corporation whose application for a certificate of registration has been denied or whose registration has been suspended or revoked may appeal to the Pulaski County Circuit Court within thirty (30) days after notice of the action by the Arkansas State Medical Board.
(b)
The court shall inquire into the cause of the board's action and may affirm or reverse the decision and order a further hearing by the board or may order the board to grant the appellant a certificate of registration.
(c)
Appeal shall be in the manner provided by law.
(d)
(1)
Notice of appeal shall be served upon the secretary of the board by serving the secretary a copy thereof within thirty (30) days after the board has notified the appellant of its decision.
(2)
The service may be by registered or certified mail.
Acts 1961, No. 179, §§ 12, 13; A.S.A. 1947, §§ 64-1712, 64-1713.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-312 - Shares of deceased or disqualified shareholder - Price

(a)
If the articles of incorporation or bylaws of a corporation subject to this subchapter fail to state a price or method of determining a fixed price at which the corporation or its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualified to own shares in the corporation, then the price for the shares shall be the book value as of the end of the month immediately preceding the death or disqualification of the shareholder.
(b)
Book value shall be determined from the books and records of the corporation in accordance with the regular method of accounting used by the corporation.
Acts 1961, No. 179, § 17; A.S.A. 1947, § 64-1717.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 3 - MEDICAL CORPORATION ACT (§§ 4-29-301 — 4-29-313) › Section 4-29-313 - Foreign medical corporations - Certificates of registration - Governance - Licensure

(a)
If a foreign medical corporation complies with this subchapter, the Arkansas State Medical Board may issue a certificate of registration to the foreign medical corporation.
(b)
A person who is not licensed to practice medicine shall not participate in the ownership, management, or control of a foreign medical corporation.
(c)
A proxy to vote shares of a foreign medical corporation shall not be given to a person who is not licensed to practice medicine.
(d)
A physician who is affiliated with a foreign medical corporation shall obtain a license to practice medicine from the board before practicing medicine in Arkansas.
Added by Act 2013, No. 135,§ 2, eff. 2/20/2013.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-401 - Title and definitions

(a)
This subchapter may be cited as the "Dental Corporation Act".
(b)
As used in this subchapter, unless the context otherwise requires:
(1)
"Beneficial owner" means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2)
"Professional service" means any type of professional service which may be legally performed only pursuant to license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3)
"Shareholder" means either the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.
Acts 1961, No. 471, § 1; A.S.A. 1947, § 64-1801; Acts 1997, No. 306, § 3.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-402 - Application of Arkansas Business Corporation Act

(a)
The Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., shall be applicable to such corporations, including their organization, except that the required number of incorporators of a dental corporation shall be one (1) or more, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations, except so far as the same may be limited or enlarged by this subchapter.
(b)
If any provision of this subchapter conflicts with the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., this subchapter shall take precedence.
Acts 1961, No. 471, § 3; 1970 (Ex. Sess.), No. 13, § 6; A.S.A. 1947, § 64-1803; Acts 2001, No. 728, § 1.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-403 - Dentist-patient relationship unaltered

This subchapter does not alter any law applicable to the relationship between a dentist furnishing dental service and a person receiving the service, including liability arising out of the service.
Acts 1961, No. 471, § 15; A.S.A. 1947, § 64-1815.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-404 - Formation of corporation - Employee licensing required

One (1) or more persons licensed pursuant to the Arkansas Dental Practice Act, §
17-82-101
et seq., may associate to form a corporation pursuant to the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq., to own, operate, and maintain an establishment for the study, diagnosis, and treatment of dental ailments and injuries and to promote dental and scientific research and knowledge. However, treatment, consultation, or advice may be given by employees of the corporation only if they are licensed pursuant to the Arkansas Dental Practice Act, §
17-82-101
et seq.
Acts 1961, No. 471, § 2; 1970 (Ex. Sess.), No. 13, § 5, A.S.A. 1947, § 64-1802; Acts 2001, No. 728, § 4.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-405 - Corporate name

(a)
The corporate name shall contain the names of one (1) or more of the shareholders. However, the name of a person who is not employed by the corporation shall not be included in the corporate name, except that the name of a deceased shareholder may continue to be included in the corporate name for one (1) year following the decease of the shareholder.
(b)
A corporation organized under this subchapter need not include in its name the reference to corporation, incorporation, company, or the abbreviations "Co." or "Inc." as is now required of business corporations.
Acts 1961, No. 471, § 4; A.S.A. 1947, § 64-1804.
Arkansas Code of 1987 (2023) › Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105) › Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203) › Chapter 29 - PROFESSIONAL CORPORATIONS (§§ 4-29-101 — 4-29-411) › Subchapter 4 - DENTAL CORPORATION ACT (§§ 4-29-401 — 4-29-411) › Section 4-29-406 - Officers, directors, and shareholders

All of the officers, directors, and shareholders of a corporation subject to this subchapter shall at all times be persons licensed pursuant to the Arkansas Dental Practice Act, §
17-82-101
et seq. No person who is not so licensed shall have any part in the ownership, management, or control of the corporation, nor may any proxy to vote any shares of the corporation be given to a person who is not so licensed.
Acts 1961, No. 471, § 14; A.S.A. 1947, § 64-1814.