(a) This subchapter may be cited as the 'Dental Corporation Act'.(b) As used in this subchapter, unless the context otherwise requires:(1) 'Beneficial owner' means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;(2) 'Professional service' means any type of professional service which may be legally performed only pursuant to license or other legal personal authorization, for example: the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and(3) 'Shareholder' means either the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.Acts 1961, No. 471, § 1; A.S.A. 1947, § 64-1801; Acts 1997, No. 306, § 3.
Arkansas Legal Code