{"data":{"id":"us-ar/ark.-code-ann.-4-27-1501","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-1501","heading":"Authority to transact business required.","body":"(a) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the Secretary of State.\n(b) The following activities, among others, do not constitute transacting business within the meaning of subsection (a) of this section:\n(1) Maintaining, defending, or settling any proceeding;\n(2) Holding meetings of the board of directors or shareholders, or carrying on other activities concerning internal corporate affairs;\n(3) Maintaining bank accounts;\n(4) Maintaining offices or agencies for the transfer, exchange, and registration of the corporation's own securities or maintaining trustees or depositaries with respect to those securities;\n(5) Selling through independent contractors;\n(6) Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts;\n(7) Creating or acquiring indebtedness, mortgages, and security interests in real or personal property;\n(8) Securing or collecting debts or enforcing mortgages and security interests in property securing the debts;\n(9) Owning, without more, real or personal property;\n(10) Conducting an isolated transaction that is completed within thirty (30) days and that is not one in the course of repeated transactions of a like nature;\n(11) Transacting business in interstate commerce.\n(c) The list of activities in subsection (b) of this section is not exhaustive.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 15 — Foreign Corporations","Part A: Certificate of Authority"],"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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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":"0d34076a67b8e89efb7a0a8de69bfe1ce410fe8d6b05a40dccc8e0eb42ae77e3","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-1440","next":"us-ar/ark.-code-ann.-4-27-1502"},"notice":"GroundRules: Original legal text. Not legal advice."}