State Codes and Statutes

Statutes > Arkansas > Title-23 > Subtitle-2 > Chapter-51 > 23-51-156

23-51-156. Required vote of shareholders.

A state trust company may go into voluntary liquidation and be closed, and may surrender its charter and franchise as a corporation of this state by the affirmative votes of its shareholders owning a majority of its voting stock.

State Codes and Statutes

Statutes > Arkansas > Title-23 > Subtitle-2 > Chapter-51 > 23-51-156

23-51-156. Required vote of shareholders.

A state trust company may go into voluntary liquidation and be closed, and may surrender its charter and franchise as a corporation of this state by the affirmative votes of its shareholders owning a majority of its voting stock.