Arkansas § 15-4-522 - Refunding obligations.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-522 — Refunding obligations., with citation guidance and answers to common questions.
§ 15-4-522. Refunding obligations.
Any corporation organized under this act shall have the right to refund its outstanding obligations at any time. All refunding obligations shall state on their face that they are refunding obligations, and no refunding obligations shall be issued until the debt refunded is cancelled simultaneously with the issue of the refunding obligations, either: By the surrender of the obligations being refunded; or If the outstanding obligations are redeemable before maturity and have been called for redemption, by the deposit of the money for their payment on presentation according to the terms of the call, in trust, with the paying agent for the obligations to be refunded; or By a combination of methods set out in subdivisions (b)(1) and (2) of this section.
Frequently Asked Questions About Arkansas § 15-4-522
What does Arkansas Code of 1987 Annotated § 15-4-522 cover?
Section 15-4-522 ("Refunding obligations.") 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 § 15-4-522?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-522" (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 § 15-4-522 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.