{"data":{"id":"us-ar/ark.-code-ann.-4-27-1401","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-1401","heading":"Dissolution by incorporators or initial directors.","body":"A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing articles of dissolution that set forth:\n(1) the name of the corporation;\n(2) the date of its incorporation;\n(3) either (i) that none of the corporation's shares has been issued or (ii) that the corporation has not commenced business;\n(4) that no debt of the corporation remains unpaid;\n(5) that the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and\n(6) that a majority of the incorporators or initial directors authorized the dissolution.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 14 — Dissolution","Part A: Voluntary Dissolution"],"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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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":"771dc8ab40e35225131bc147f325566a661652370da7cdd056fdbef9204c3881","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-1331","next":"us-ar/ark.-code-ann.-4-27-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}