Arkansas Code Title 23, Subtitle 2, Chapter 35, Subchapter 3 - Organization

• § 23-35-301 - Procedure for Obtaining Charter.
  (a) Any seven (7) or more residents of the State of Arkansas, of legal age, who have a common bond referred to in §...
• § 23-35-302 - Amendments to Articles of Incorporation and Bylaws.
  (a) The articles of incorporation and the bylaws may be amended as provided in the bylaws.(b) (1) Amendments to the articles of incorporation and...
• § 23-35-303 - Board of Directors and Committees Generally.
  (a) The business affairs of the credit union shall be managed by a board of directors of not fewer than five (5) directors, a...
• § 23-35-304 - Duties of Board of Directors.
  (a) The board of directors of the credit union shall be responsible for general management of the affairs, funds, and records of the credit...
• § 23-35-305 - Officers -- Selection, Term, and Oath.
  (a) Within ten (10) days following the organizational meeting and each annual meeting, the directors of the credit union shall elect from their own...
• § 23-35-306 - Credit Committee -- Loan Officers.
  (a) (1) The credit committee of the credit union shall be responsible for general supervision of all loans to members. (2) The credit committee...
• § 23-35-307 - Supervisory Committee.
  (a) The supervisory committee of the credit union shall make or cause to be made, at least annually: (1) An examination of the affairs...
• § 23-35-308 - Compensation of Officers, Directors, Committee Members, and Employees.
  (a) No officer, director, or committee member of the credit union, other than the treasurer whom the board of directors of the credit union...

Last modified: November 15, 2016