{"data":{"id":"us-ar/ark.-code-ann.-4-33-1401","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-33-1401","heading":"Dissolution by incorporators or directors and third persons.","body":"(a) A majority of the incorporators or directors of a corporation that has no members may, subject to any approval required by the articles or bylaws, dissolve the corporation by delivering to the Secretary of State articles of dissolution.\n(b) The corporation shall give notice of any meeting at which dissolution will be approved. The notice shall be in accordance with § 4-33-822(c). The notice must also state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the corporation.\n(c) The incorporators or directors in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been paid.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 33 The Arkansas Nonprofit Corporation Act of 1993","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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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":"70ce79f922b113c688c5d5b2614479a0f4a9472065a3db4a802a9a308c11a148","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-33-1031","next":"us-ar/ark.-code-ann.-4-33-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}