The Secretary of State’s office posted a reminder regarding a franchise tax penalty and interest amnesty program for business entities revoked as of December 31, 2012. All current and delinquent franchise taxes must be submitted with payment prior to December
House Bill 1510 (Act No. 1388) signed by the governor April 19 and effective July 27 authorizes the formation of benefit corporations for a general public benefit and specific public benefits named in the articles or amendment to articles. Benefit
Secretary of State Mark Martin reminded businesses on May 7 that the franchise tax deadline was May 1. However, paying the tax by the end of 2013 will avert revocation of a business’ charter. View the Secretary of State’s notice here.
Senate Bill 798 (Act 1079) signed April 11 and effective 91 days after adjournment (projected to be May 17) amended the deadline from January 1 to January 31 for the Secretary of State to proclaim forfeiture of charters and certificates
Senate Bill 53 (Act No. 135) signed by the governor and effective February 20 authorizes foreign medical corporations in which all officers, directors and shareholders are licensed to practice medicine in the state of incorporation to receive a certificate of
Arkansas became the latest state to enact the 2010 Amendments to UCC Article 9. The governor approved and returned Senate Bill 219 on February 20, 2013. The new law adopts the Alternative A “Only If” approach for individual debtor name
he Arkansas Senate introduced a bill on January 31, 2013 to enact the 2010 Amendments to UCC Article 9. Senate Bill 219 adopts the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4), provides the text