{"data":{"id":"us-ar/ark.-code-ann.-4-27-142","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-142","heading":"Number of shareholders.","body":"(a) For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one (1) shareholder:\n(1) three (3) or fewer coowners;\n(2) a corporation, partnership, trust, estate, or other entity;\n(3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.\n(b) For purposes of this chapter, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 1 — General Provisions","Part D: Definitions"],"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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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":"2c7ccd987f112f8792ecb73d05d48ad67751b5b4fa2501cf92c09c7842dc3e80","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-141","next":"us-ar/ark.-code-ann.-4-27-601"},"notice":"GroundRules: Original legal text. Not legal advice."}