Ark. Code § 2-2-306

Current with legislation from 2024 effective through May 3, 2024.

Section 2-2-306 - Articles of merger or consolidation

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.

Ark. Code § 2-2-306

Acts 1981, No. 121, § 5; 1983, No. 163, § 5; A.S.A. 1947, § 77-1031.