Arkansas Amendment of terms of Class B preferred stock

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US-CC-3-366
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This sample form, a detailed Amendment of Terms of Class B Preferred Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

Article 5 - Legislative Department. Section 20 - State not made defendant. The State of Arkansas shall never be made defendant in any of her courts.

The state maintains absolute sovereign immunity from claims brought in any of its courts. Political subdivisions are immune except to the extent they are covered by liability insurance. State employees have broad statutory immunity for non-constitutional tort claims.

No person who denies the being of a God shall hold any office in the civil departments of this State, nor be competent to testify as a witness in any Court.

Section 3 - Equality before the law. The equality of all persons before the law is recognized, and shall ever remain inviolate; nor shall any citizen ever be deprived of any right, privilege or immunity; nor exempted from any burden or duty, on account of race, color or previous condition.

Section 22 - Property rights - Taking without just compensation prohibited. The right of property is before and higher than any constitutional sanction; and private property shall not be taken, appropriated or damaged for public use, without just compensation therefor.

(a) The total indebtedness to any state bank of any person shall at no time exceed twenty percent (20%) of the capital base of the bank. (1) Obligations of a person as endorser or guarantor, accommodation or otherwise, of notes or other obligations shall be included in that person's loan limit.

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Arkansas Amendment of terms of Class B preferred stock