{"data":{"id":"us-ar/ark.-code-ann.-4-27-1326","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-1326","heading":"Failure to take action.","body":"(a) If the corporation does not take the proposed action within sixty (60) days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares.\n(b) If after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it must send a new dissenters' notice under § 4-27-1322 and repeat the payment demand procedure.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 13 — Dissenters' Rights","Part B: Procedure for Exercise of Dissenters' Rights"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"45ff28320ef4ff39b4303f50536e39a7074c1c60d0a2c011c89513bbb72ad7b9","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-1325","next":"us-ar/ark.-code-ann.-4-27-1327"},"notice":"GroundRules: Original legal text. Not legal advice."}