Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 1 - Public Utilities And Carriers > Chapter 11 - Establishment and Organization of Railroads > Subchapter 2 - Railroad Incorporation Act of 1959 > § 23-11-206 - Issuance of charter.

§ 23-11-206 - Issuance of charter.

23-11-206. Issuance of charter.

Upon the payment of the fees prescribed by law, the Secretary of State shall issue to the corporation a charter granting unto it perpetual existence in accordance with its articles of incorporation unless a limited term of existence shall be provided for in the articles.