Arkansas § 4-33-1007 - Amendment pursuant to judicial reorganization.

§ 4-33-1007. Amendment pursuant to judicial reorganization.

A corporation's articles may be amended without board approval or approval by the members or approval required pursuant to § 4-33-1030 to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles after amendment contain only provisions required or permitted by § 4-33-202. The individual or individuals designated by the court shall deliver to the Secretary of State articles of amendment setting forth: the name of the corporation; the text of each amendment approved by the court; the date of the court's order or decree approving the articles of amendment; the title of the reorganization proceeding in which the order or decree was entered; and a statement that the court had jurisdiction of the proceeding under federal statute. This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.