Arkansas Corporation Sole Statute

The Arkansas Supreme Court has recognized the corporation sole under the common law. See City of Little Rock v. Linn, 432 S.W.2d 455 (Ark. 1968). The court in Linn stated: "Under the common law, the existence of corporations sole was recognized and bishops were said to constitute corporations sole.  A corporation sole consists of a single person, the officeholder and his successors.  It is recognized by law as a corporation in order to give it legal capacities and advantages unavailable to natural persons.  This concept of corporation sole has been recognized as a part of the common law in other jurisdictions."  Id. at 462.  See also Terrett v. Taylor, 13 U.S. (9 Cranch) 43 (1815) and Ponce v. Roman Catholic Apostolic Church, 210 U.S. 296 (1908).