Ark. Code § 4-27-1804

Current with legislation from 2024 Fiscal and Special Sessions.

Section 4-27-1804 - Effect of share exchange

When a share exchange takes effect, the shares of each acquired corporation are exchanged as provided in the plan and the former holders of the shares are entitled only to:

(1) The exchange rights provided in the articles of share exchange; or

(2) The rights of the former holders of the shares under § 4-27-1301 et seq.

Ark. Code § 4-27-1804

Acts 2009, No. 408, § 4.