Arkansas Authority to Issue Additional Shares refers to the power granted to corporations incorporated in the state of Arkansas to increase their total number of authorized shares of capital stock. This authority allows companies to increase their equity capital, attract more investors, and potentially raise additional funds. The Arkansas Business Corporation Act governs the issuance of additional shares in Arkansas. Under this act, corporations can obtain the authority to issue additional shares either through their articles of incorporation or by obtaining a shareholder approval. There are two types of Arkansas Authority to Issue Additional Shares: 1. Preemptive Right: Preemptive right is the first type of authority granted to shareholders, which allows them to maintain their proportional ownership in the company. If a corporation decides to issue additional shares, shareholders with preemptive rights have the privilege to purchase these new shares before they are sold to outside investors. This ensures that existing shareholders have the opportunity to protect their ownership percentage and avoid dilution. 2. Non-Preemptive Right: Non-preemptive right, also known as "non-dilution clause," is the second type of authority to issue additional shares. With this provision, a corporation can issue new shares without offering them to existing shareholders first. Non-preemptive right is commonly utilized when a company seeks to bring in new investors or raise capital without giving existing shareholders the opportunity to acquire additional shares. It is essential for corporations to adhere to the regulations outlined in the Arkansas Business Corporation Act when exercising their authority to issue additional shares. Failure to comply with these rules may result in legal consequences or challenges from shareholders. Overall, the Arkansas Authority to Issue Additional Shares provides flexibility for corporations to raise capital and expand their operations by increasing the number of authorized shares. Whether through preemptive or non-preemptive rights, this authority enables companies to strategically manage their equity structure and attract new investments.
Arkansas Authority to Issue Additional Shares
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(a) A person commits the offense of possessing an instrument of crime if he or she possesses any instrument of crime with a purpose to employ it criminally. (b) Possessing an instrument of crime is a Class A misdemeanor.
Arkansas Controlled Substances Schedule Schedule I: These drugs have the highest likelihood of abuse and include opiates, opium derivatives like morphine or heroin, hallucinogenic drugs like Ecstasy, depressants like GHB, and certain stimulants.
Authorized stock, or authorized shares, refers to the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation in the U.S., or in the company's charter in other parts of the world.
§ 5-74-106. Essentially, the law says that a person commits a crime when they have both drugs and a gun or other weapon on them. The law does not require that the gun or weapon be displayed or used. Simply being in possession of it at the same time as being in control of drugs is criminal.
Requirements in Arkansas This means that the claimant must use and occupy the property in a way that is visible to the public. Continuous Possession: The claimant must possess the property continuously for a period of seven years.
Possession of Schedule III Controlled Substances Possession of two grams or more but less than 28 grams is a class D felony. Possession of 28 grams or more but less than 200 grams is a class C felony. Possession of 200 grams or more but less than 400 grams is a class B felony.
Purpose to deliver may be shown by any of the following factors: (1) The person possesses the means to weigh, separate, or package methamphetamine, heroin, or cocaine; (2) The person possesses a record indicating a drug-related transaction; (3) The methamphetamine, heroin, or cocaine is separated and packaged in a ...