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ARKANSAS STATUTES AND CODES
§ 4-27-1804 - Effect of share exchange.
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.
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.
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