Arkansas § 4-27-1401 - Dissolution by incorporators or initial directors.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-27-1401 — Dissolution by incorporators or initial directors., with citation guidance and answers to common questions.
§ 4-27-1401. Dissolution by incorporators or initial directors.
A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing articles of dissolution that set forth: the name of the corporation; the date of its incorporation; either (i) that none of the corporation's shares has been issued or (ii) that the corporation has not commenced business; that no debt of the corporation remains unpaid; that the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and that a majority of the incorporators or initial directors authorized the dissolution.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-27-1401
What does Arkansas Code of 1987 Annotated § 4-27-1401 cover?
Section 4-27-1401 ("Dissolution by incorporators or initial directors.") 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 § 4-27-1401?
A common citation format is "Arkansas Code of 1987 Annotated § 4-27-1401" (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 § 4-27-1401 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.