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2017 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
Subchapter 2 - Organization
§ 4-33-202. Articles of incorporation
Universal Citation:
AR Code § 4-33-202 (2017)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
- (a) The articles of incorporation must set forth:
- (1) a corporate name for the corporation that satisfies the requirements of § 4-33-401;
- (2) one (1) of the following statements:
- (i) this corporation is a public benefit corporation;
- (ii) this corporation is a mutual benefit corporation; or
- (iii) this corporation is a religious corporation.
- (3) the information required by § 4-20-105(a);
- (4) the name and address of each incorporator;
- (5) whether or not the corporation will have members; and
- (6) provisions not inconsistent with law regarding the distribution of assets on dissolution.
- (b) The articles of incorporation may set forth:
- (1) the purpose or purposes for which the corporation is organized, which may be, either alone or in combination with other purposes, the transaction of any lawful activity;
- (2) the names and addresses of the individuals who are to serve as the initial directors;
- (3) provisions not inconsistent with law regarding:
- (i) managing and regulating the affairs of the corporation;
- (ii) defining, limiting, and regulating the powers of the corporation, its board of directors and members (or any class of members); and
- (iii) the characteristics, qualifications, rights, limitations and obligations attaching to each or any class of members.
- (4) any provision that under this chapter is required or permitted to be set forth in the bylaws.
- (c) Each incorporator named in the articles must sign the articles.
- (d) The articles of incorporation need not set forth any of the corporate powers enumerated in this chapter.
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