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 33 - THE ARKANSAS NONPROFIT CORPORATION ACT OF 1993 (§§ 4-33-101 — 4-33-1707) › Subchapter 1 - GENERAL PROVISIONS (§§ 4-33-101 — 4-33-180) › Part C - SECRETARY OF STATE (§§ 4-33-130 — 4-33-132) › Section 4-33-131 - Annual disclosure of information

(a)
Each nonprofit domestic corporation, nonprofit foreign corporation, and nonprofit corporation organized under §
4-28-101
et seq., authorized to transact business in this state shall annually file with the Secretary of State by August 1 a statement that sets forth:
(1)
The name of the corporation;
(2)
The corporation's jurisdiction of incorporation;
(3)
The name and address of the corporation's registered agent for service of process;
(4)
The address of the corporation's principal office;
(5)
The names of the corporation's principal officers; and
(6)
The names and addresses of the corporation's directors.
(b)
If on or before January 31 of each year, a nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. has not filed an annual disclosure statement, the Secretary of State shall proclaim:
(1)
The corporate charter or authority of the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. as not current; and
(2)
That, according to the Secretary of State's records, the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. is delinquent in the filing of the annual disclosure statement for the prior year.
(c)
(1)
A nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. whose charter or authority to do business in this state is declared not current under subdivision (b)(1) of this section, shall be reinstated to all rights, powers, and property after the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. files an annual disclosure statement for the previous four (4) years that were delinquent.
(2)
The annual disclosure statement shall be satisfactory to the Secretary of State.
(3)
Reinstatement of the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. under subdivision (c)(1) of this section shall be retroactive to the time that the nonprofit domestic corporation's, nonprofit foreign corporation's, or nonprofit corporation's authority to do business in this state was declared as not current.
(d)
(1)
Reinstatement under subsection (c) of this section shall not be allowed after five (5) years from the date the charter or authority to do business in this state was declared not current under subdivision (b)(1) of this section.
(2)
After five (5) years, the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. shall be statutorily dissolved and the nonprofit domestic corporation, nonprofit foreign corporation, or nonprofit corporation organized under §
4-28-101
et seq. name shall become available immediately for use by another entity if deemed available by the Secretary of State.
Amended by Act 2023, No. 715,§ 1, eff. 8/1/2023.
Acts 2007, No. 569, § 1.