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AR HB1941

Bill

Official Source

Status

Passed

4/7/2017

Primary Sponsor

Charlotte Douglas

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 4-27-201 to allow natural persons between ages 16 and 18 to incorporate a corporation with sponsorship from an adult
  • Requires a person who is at least 21 years of age or older to serve as incorporator on behalf of the minor entrepreneur
  • The adult incorporator must execute and file articles of incorporation according to § 4-27-120
  • Creates the Colin Keady Young Entrepreneur Mentor Program to support young entrepreneurs under 18 years of age
  • Approved April 6, 2017

Legislative Description

Concerning An Entrepreneur Under Eighteen (18) Years Of Age; And To Create The Colin Keady Young Entrepreneur Mentor Program.

Last Action

Notification that HB1941 is now Act 992

4/7/2017

Committee Referrals

Insurance & Commerce3/20/2017
Insurance and Commerce3/15/2017

Full Bill Text

No bill text available