Stricken language would be deleted from and underlined language would be added to present law. Act 650 of the Regular Session *ANS203* 03/20/2025 3:30:26 PM ANS203 State of Arkansas 1 95th General Assembly A Bill 2 Regular Session, 2025 SENATE BILL 552 3 4 By: Senator K. Hammer 5 By: Representative Eaves 6 7 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 15 16 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 22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 23 24 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 2 03/20/2025 3:30:26 PM ANS203 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 4 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 22 23 APPROVED: 4/16/25 24 25 26 27 28 29 30 31 32 33 34 35 36