{"data":{"id":"us-ar/ark.-code-ann.-4-27-1801","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-1801","heading":"Share exchange","body":"(a) A corporation may acquire all of the outstanding shares of one (1) or more classes or series of another corporation if the board of directors and shareholders if required by § 4-27-1802 of each corporation approve the exchange. (b) The plan of exchange shall set forth: (1) The name of the corporation whose shares will be acquired and the name of the acquiring corporation; (2) The terms and conditions of the exchange; and (3) The manner and basis of exchanging the shares to be acquired for: (A) Shares, obligations, or other securities of the acquiring corporation or any other corporation; or (B) Cash or other property. (c) The plan of exchange may set forth other provisions relating to the exchange. (d) This section does not limit the power of a corporation to acquire all or part of the shares of one (1) or more classes or series of another corporation through a voluntary exchange or otherwise. Acts 2009, No. 408, § 4.\n\n(a) A corporation may acquire all of the outstanding shares of one (1) or more classes or series of another corporation if the board of directors and shareholders if required by § 4-27-1802 of each corporation approve the exchange.\n\n(b) The plan of exchange shall set forth: (1) The name of the corporation whose shares will be acquired and the name of the acquiring corporation; (2) The terms and conditions of the exchange; and (3) The manner and basis of exchanging the shares to be acquired for: (A) Shares, obligations, or other securities of the acquiring corporation or any other corporation; or (B) Cash or other property.\n\n(1) The name of the corporation whose shares will be acquired and the name of the acquiring corporation;\n\n(2) The terms and conditions of the exchange; and\n\n(3) The manner and basis of exchanging the shares to be acquired for: (A) Shares, obligations, or other securities of the acquiring corporation or any other corporation; or (B) Cash or other property.\n\n(A) Shares, obligations, or other securities of the acquiring corporation or any other corporation; or\n\n(B) Cash or other property.\n\n(c) The plan of exchange may set forth other provisions relating to the exchange.\n\n(d) This section does not limit the power of a corporation to acquire all or part of the shares of one (1) or more classes or series of another corporation through a voluntary exchange or otherwise.","path":["AR Code","Title 4","Chapter 27","Subchapter 18"],"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":"547880d81a5ea46bb09376ddb980953cc95ccfcd66e04a0af640c92b21c34155","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-1706","next":"us-ar/ark.-code-ann.-4-27-1802"},"notice":"GroundRules: Original legal text. Not legal advice."}