Ark. Code § 4-29-401

Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-29-401 - Title and definitions
(a) This subchapter may be cited as the "Dental Corporation Act".
(b) As used in this subchapter, unless the context otherwise requires:
(1) "Beneficial owner" means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2) "Professional service" means any type of professional service which may be legally performed only pursuant to license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3) "Shareholder" means either the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.

Ark. Code § 4-29-401

Acts 1961, No. 471, § 1; A.S.A. 1947, § 64-1801; Acts 1997, No. 306, § 3.