{"data":{"id":"us-ar/ark.-code-ann.-4-30-111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-30-111","heading":"Prerequisite for commencing business","body":"No corporation organized under the provisions of this chapter shall commence business until at least twenty percent (20%) of its capital stock has been paid for in actual cash and a sworn statement to that effect has been filed with the Secretary of State, and his or her receipt for the statement shall be construed as a permit to do business.","path":["AR Code","Title 4","Chapter 30","Subchapter 1"],"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":"a748d4a7a02c593925331edb3721386bffeae1beea744363a9f550e256da4bbb","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-30-110","next":"us-ar/ark.-code-ann.-4-30-112"},"notice":"GroundRules: Original legal text. Not legal advice."}