Arkansas § 4-27-1801 - Share exchange.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-27-1801 — Share exchange., with citation guidance and answers to common questions.
§ 4-27-1801. Share exchange.
A corporation may acquire all of the outstanding shares of one (1) or more classes or series of another corporation if the board of directors and shareholders if required by § 4-27-1802 of each corporation approve the exchange. The plan of exchange shall set forth: The name of the corporation whose shares will be acquired and the name of the acquiring corporation; The terms and conditions of the exchange; and The manner and basis of exchanging the shares to be acquired for: Shares, obligations, or other securities of the acquiring corporation or any other corporation; or Cash or other property. The plan of exchange may set forth other provisions relating to the exchange. This section does not limit the power of a corporation to acquire all or part of the shares of one (1) or more classes or series of another corporation through a voluntary exchange or otherwise.
Frequently Asked Questions About Arkansas § 4-27-1801
What does Arkansas Code of 1987 Annotated § 4-27-1801 cover?
Section 4-27-1801 ("Share exchange.") 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 § 4-27-1801?
A common citation format is "Arkansas Code of 1987 Annotated § 4-27-1801" (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 § 4-27-1801 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.