Business Law
The purposes of this Section shall be to promote the purposes and objects of the Association in all facets of Business Law and provide an organization within the Association open to members in good standing who have a common interest in corporation, partnership, franchise, transaction, and other related areas of Business Law, including (a) the laws governing business and organizations, such as profit and non-profit corporations, general and limited partnerships, limited liability companies, and other business entities created or authorized by law and the obligations, liabilities, and responsibilities of their officers, directors, shareholders, partners, and/or members, (b) current trends and information on the structuring of large and small business transactions; (c) laws governing business acquisitions, mergers, asset sales, and other composition and disposition transactions; (d) franchise laws and practices; (e) business opinion letters; (f) real estate laws, to the extent they affect and impact business transactions and in coordination with other sections of the Association also having jurisdiction over real estate laws; and (g) creating programs, including an annual seminar, to assist general practitioners in general business law. To that end the proposed Section also will actively promote the dissemination of information concerning these areas of law to Section members through seminars, coordination with the Business Section of the American Bar Association, coordination with other Sections and committees of the Arkansas Bar Association, and monitoring new laws and proposed laws. The proposed Section will also affirmatively promote communication among attorneys practicing business law.
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