§ 4-28-203 - Applicability of subchapter. - Arkansas Statutes

4-28-203. Applicability of subchapter.

(a) The provisions of 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 relating to domestic corporations shall apply to:

(1) All corporations organized hereunder; and

(2) All not-for-profit corporations heretofore organized under any act hereby repealed, for the purposes for which a corporation might be organized under 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224.

(b) The provisions of 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 relating to foreign corporations shall apply to all foreign not-for-profit corporations conducting affairs in this state for purposes for which a corporation might be organized under 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224. However, 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 shall not apply to any corporation whose membership is composed of corporations which file annual statements with a department or agency of this or some other state.