Arkansas 2025 Regular Session

Arkansas Senate Bill SB552 Latest Draft

Bill / Chaptered Version Filed 04/21/2025

                            Stricken language would be deleted from and underlined language would be added to present law. 
Act 650 of the Regular Session 
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State of Arkansas     1 
95th General Assembly A Bill     2 
Regular Session, 2025  	SENATE BILL 552 3 
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By: Senator K. Hammer 5 
By: Representative Eaves 6 
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For An Act To Be Entitled 8 
AN ACT TO AMEND THE ARKANSAS BUSINESS CORPORATION ACT 9 
OF 1987; TO AMEND THE UNIFORM LIMITED LIABILITY 10 
COMPANY ACT; TO CLARIFY THE DEFINITION OF "PRINCIPAL 11 
OFFICE" USED UNDER THE ARKANSAS BUSINESS CORPORATION 12 
ACT OF 1987 AND THE UNIFORM LIMITED LIABILITY COMPANY 13 
ACT; AND FOR OTHER PURPOSES. 14 
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Subtitle 17 
TO CLARIFY THE DEFINITION OF "PRINCIPAL 18 
OFFICE" USED UNDER THE ARKANSAS BUSINESS 19 
CORPORATION ACT OF 1987 AND THE UNIFORM 20 
LIMITED LIABILITY COMPANY ACT. 21 
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 23 
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 SECTION 1.  Arkansas Code § 4-27-140(17), concerning the definition of 25 
"principal office" used under the Arkansas Business Corporation Act of 1987, 26 
is amended to read as follows: 27 
 (17)(A) "Principal office" means the office (in or out of this state) 28 
so designated in the annual franchise tax report where the principal 29 
executive offices of a domestic or foreign corporation are located. 30 
 (B)  If the domestic or foreign corporation does not have a 31 
"principal office" as described under subdivision (17)(A) of this section, 32 
the domestic or foreign corporation may designate the address of the domestic 33 
or foreign corporation's registered agent as the principal office of the 34 
domestic or foreign corporation. 35 
 (C)  A domestic or foreign corporation listing the address 36    	SB552 
 
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of its registered agent under subdivision (17)(B) of this section shall 1 
provide the Secretary of State with the physical address of a named officer 2 
or director. 3 
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 SECTION 2.  Arkansas Code § 4 -38-102(16), concerning the definition of 5 
"principal office" used under the Uniform Limited Liability Company Act, is 6 
amended to read as follows: 7 
 (16)(A) "Principal office" means the principal executive office 8 
of a limited liability company or foreign limited liability company, whether 9 
or not the office is located in this state. 10 
 (B)  If the limited liability company or foreign limited 11 
liability company does not have a "principal office" as described under 12 
subdivision (16)(A) of this section, the limited liability company or foreign 13 
limited liability company may designate the address of the limited liability 14 
company or foreign limited liability company's registered agent as the 15 
principal office of the limited liability company or foreign limited 16 
liability company. 17 
 (C)  A limited liability company or foreign limited 18 
liability company listing the address of its registered agent under 19 
subdivision (16)(B) of this section shall provide the Secretary of State with 20 
the physical address of a named member or manager. 21 
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APPROVED: 4/16/25 24 
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