The bill amends the Arkansas Business Corporation Act of 1987 and the Uniform Limited Liability Company Act to clarify the definition of "principal office." Under the new provisions, if a domestic or foreign corporation or a limited liability company does not have a designated principal office, they may use the address of their registered agent as their principal office. This change aims to provide flexibility for corporations and limited liability companies in designating their principal office location.

Additionally, the bill requires that when a corporation or limited liability company lists the address of its registered agent as the principal office, they must also provide the Secretary of State with the physical address of a named officer, director, member, or manager. This ensures that there is a clear point of contact associated with the registered agent's address, enhancing transparency and accountability within the corporate structure.

Statutes affected:
SB 552: 4-27-140(17), 4-38-102(16)
Act 650: 4-27-140(17), 4-38-102(16)