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1993 vol. 2 bk. 2 1127 (1993)

handle is hein.ssl/ssar0066 and id is 1 raw text is: ACTS OF ARKANSAS ACT 444 AN ACT to Repeal Arkansas Code § 4-25-104 Con- cerning the Dissolution of Insolvent Corpora- tions Instituted by a Stockholder or Creditor; and for Other Purposes. Be It Enacted by the General Assembly of the State of Arkansas: SECTION 1. Arkansas Code §4-25-104 is repealed. SECTION 2. The General Assembly deter- mines that Arkansas Code §4-25-104 is no longer necessary and should be repealed as the dissolution of insolvent corporations is now comprehensively covered by Arkansas Code §§4-26-1108, 4-27-1430, and 4-59-201 et seq. SECTION 3. All provisions of this act of a general and permanent nature are amendatory to the Arkansas Code of 1987 Annotated and the Ar- kansas Code Revision Commission shall incorporate the same in the Code. SECTION 4. If any provision of this act or the application thereof to any person or circum- stance is held invalid, such invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provision or ap- plication, and to this end the provisions of this act are declared to be severable. SECTION 5. All laws and parts of laws in conflict with this act are hereby repealed. ACT 4441 1127