Arkansas § 15-4-103 - Registration of community development corporations — Definition.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-103 — Registration of community development corporations — Definition., with citation guidance and answers to common questions.
§ 15-4-103. Registration of community development corporations — Definition.
As used in this section, “qualified community development corporation” means an organization chartered under the Arkansas nonprofit corporation law which: Is governed by a board consisting of the area's business, professional, and civic leaders; Has a record of implementing economic development projects or whose articles of incorporation or bylaws state the organization's mission to develop and improve local communities through economic and related development; Has secured from the federal Internal Revenue Service a 26 U.S.C. § 501(c)(3) tax exemption status; and Otherwise meets the federal definition of a community development corporation. The Secretary of State shall maintain a registry of all qualified community development corporations established under the laws of Arkansas. Every qualified community development corporation shall register with the Secretary of State within ninety (90) days after August 13, 1993, or within ninety (90) days after the date of its establishment if established after August 13, 1993. The Secretary of State shall collect a registration fee of twenty-five dollars ($25.00) from each qualified community development corporation registered under this section.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-103
What does Arkansas Code of 1987 Annotated § 15-4-103 cover?
Section 15-4-103 ("Registration of community development corporations — Definition.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-4-103?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-103" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-4-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.