Ark. Code Ann. § 2-2-306
This is the official text of Ark. Code Ann. § 2-2-306, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Articles of merger or consolidation
Official statutory text
Upon approval, articles of merger or articles of consolidation shall be executed by each association and filed in accordance with this subchapter, which shall be certified by the president and secretary of each association signing them and shall set forth: (1) The plan of merger or the plan of consolidation, including the time when it shall become effective; (2) As to each association: (A) The number of shares or memberships outstanding or votes entitled to be cast; and (B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and (3) As to each association: (A) The number of votes cast for and against the plan, respectively; and (B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively. Acts 1981, No. 121, § 5; 1983, No. 163, § 5; A.S.A. 1947, § 77-1031.
Upon approval, articles of merger or articles of consolidation shall be executed by each association and filed in accordance with this subchapter, which shall be certified by the president and secretary of each association signing them and shall set forth:
(1) The plan of merger or the plan of consolidation, including the time when it shall become effective;
(2) As to each association: (A) The number of shares or memberships outstanding or votes entitled to be cast; and (B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and
(A) The number of shares or memberships outstanding or votes entitled to be cast; and
(B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and
(3) As to each association: (A) The number of votes cast for and against the plan, respectively; and (B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively.
(A) The number of votes cast for and against the plan, respectively; and
(B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively.
Acts 1981, No. 121, § 5; 1983, No. 163, § 5; A.S.A. 1947, § 77-1031.
Upon approval, articles of merger or articles of consolidation shall be executed by each association and filed in accordance with this subchapter, which shall be certified by the president and secretary of each association signing them and shall set forth:
(1) The plan of merger or the plan of consolidation, including the time when it shall become effective;
(2) As to each association: (A) The number of shares or memberships outstanding or votes entitled to be cast; and (B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and
(A) The number of shares or memberships outstanding or votes entitled to be cast; and
(B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and
(3) As to each association: (A) The number of votes cast for and against the plan, respectively; and (B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively.
(A) The number of votes cast for and against the plan, respectively; and
(B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively.
Acts 1981, No. 121, § 5; 1983, No. 163, § 5; A.S.A. 1947, § 77-1031.
Status: in_force
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