2015 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 54 - Arkansas Corporate Franchise Tax Act of 1979
§ 26-54-111 - Charter forfeiture for failure to pay tax -- Procedure.
(a) On or before January 31 of each year, the Secretary of State shall proclaim as forfeited the corporate charters or authorities, as the case may be, of all corporations, both domestic and foreign that according to the Secretary of State's records are delinquent in the payment of the annual franchise tax for a prior year.
(b) A copy of the proclamation, or applicable portion thereof, shall be furnished to each other official or agency of the state which is authorized to issue corporation charters or authorities. Upon their receipt of the proclamation, the several officials shall at once correct their respective records in accordance with the proclamation.
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