Refunding obligations. — Arkansas Code § 15-4-522
Arkansas Code § 15-4-522 — Refunding obligations.. Reproduced from the official Arkansas Code of 1987 Annotated, with a citation summary, verification link, and related provisions.
§ 15-4-522. Refunding obligations.
Any corporation organized under this act shall have the right to refund its outstanding obligations at any time. All refunding obligations shall state on their face that they are refunding obligations, and no refunding obligations shall be issued until the debt refunded is cancelled simultaneously with the issue of the refunding obligations, either: By the surrender of the obligations being refunded; or If the outstanding obligations are redeemable before maturity and have been called for redemption, by the deposit of the money for their payment on presentation according to the terms of the call, in trust, with the paying agent for the obligations to be refunded; or By a combination of methods set out in subdivisions (b)(1) and (2) of this section.
Source: official Arkansas text · Last verified 2026-08-27
At a glance
- Citation: Arkansas Code of 1987 Annotated § 15-4-522
- Jurisdiction: Arkansas
- Code: Arkansas Code of 1987 Annotated
- Subject: Refunding obligations.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Arkansas Code of 1987 Annotated. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Arkansas attorney.
Common questions
What is the source of Arkansas Code of 1987 Annotated § 15-4-522?
The text above is transcribed from the Arkansas Code of 1987 Annotated, the codified statutes of Arkansas. The official publisher link appears under "Verify the text" on this page.
What subject does Arkansas Code of 1987 Annotated § 15-4-522 address?
It addresses "Refunding obligations.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Arkansas Code of 1987 Annotated § 15-4-522 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Arkansas source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Arkansas law to your facts requires a licensed Arkansas attorney who can review the specifics.