{"data":{"id":"us-ar/ark.-code-ann.-4-26-206","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-26-206","heading":"Prerequisite to commencing business","body":"A corporation shall not transact any business or incur any indebtedness, except such as shall be incidental to its organization or to obtaining subscriptions to or payment for its shares until there has been paid in for the issuance of shares consideration of the value of at least three hundred dollars ($300).","path":["AR Code","Title 4","Chapter 26","Subchapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"937c021d5bf214c69e76c5cf66fdfa3ef0653fa2d9c5e905077b17d2b60b6739","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-26-205","next":"us-ar/ark.-code-ann.-4-26-207"},"notice":"GroundRules: Original legal text. Not legal advice."}