A stock purchase agreement is a contract in which the owner of shares or stock in a company (a person, entity, or the company itself) sells some or all of the shares to another person or entity. Stock purchase agreements are often used when the majority ownership interest in a company is acquired by another person or entity. For more information on the transfer of ownership of companies, see the Common Legal Topic on mergers and acquisitions.

In Arkansas, a stock purchase agreement is a legal document that outlines the terms and conditions under which shares of a company are sold and transferred from the seller to the buyer. This agreement typically includes details such as the number of shares being sold, the price per share, representations and warranties of the parties, and any conditions precedent to the closing of the transaction. Arkansas state law, along with federal securities laws, governs the sale of stock and the requirements for such agreements. When a majority ownership interest in a company is being transferred, this transaction may trigger specific regulatory requirements and filings, especially if the company is publicly traded. It is important for both parties to consult with an attorney to ensure that the agreement complies with all applicable laws and that their interests are adequately protected. Additionally, mergers and acquisitions involving the transfer of ownership of companies are subject to a complex body of laws and regulations, and an attorney can provide guidance on these matters as well.