Arkansas § 4-27-142 - Number of shareholders.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-27-142 — Number of shareholders., with citation guidance and answers to common questions.
§ 4-27-142. Number of shareholders.
For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder: three (3) or fewer coowners; a corporation, partnership, trust, estate, or other entity; the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. For purposes of this chapter, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-27-142
What does Arkansas Code of 1987 Annotated § 4-27-142 cover?
Section 4-27-142 ("Number of shareholders.") 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 § 4-27-142?
A common citation format is "Arkansas Code of 1987 Annotated § 4-27-142" (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 § 4-27-142 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.