Arkansas § 6-2-103 - Purpose — Use of funds or property.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-2-103 — Purpose — Use of funds or property., with citation guidance and answers to common questions.
§ 6-2-103. Purpose — Use of funds or property.
The purpose for which every such corporation shall be established shall be distinctly specified in its articles of association. It shall not be lawful for the corporation to divert or appropriate its funds or property for any other purpose unless authorized to do so by the person, conference, convention, association, synod, or other body under whose auspices the institution may have been established or for whose benefit it may be maintained, or by which it may be controlled.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-2-103
What does Arkansas Code of 1987 Annotated § 6-2-103 cover?
Section 6-2-103 ("Purpose — Use of funds or property.") 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 § 6-2-103?
A common citation format is "Arkansas Code of 1987 Annotated § 6-2-103" (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 § 6-2-103 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.