Arkansas Code Title 4, Subtitle 3, Chapter 26, Subchapter 8 - Directors and Officers

• § 4-26-801 - Board of Directors Generally.
  (a) All corporate powers shall be exercised by or under the authority of, and the business and affairs of a corporation shall be managed...
• § 4-26-802 - Number, Election, and Term of Directors.
  (a) The number of directors of a corporation shall be not less than three (3) except that in cases where all the shares of...
• § 4-26-803 - Vacancies.
  (a) (1) A vacancy on the board of directors shall exist when a director dies or resigns or when he is removed by the...
• § 4-26-804 - Removal of Directors.
  (a) (1) At a shareholders' meeting called expressly for that purpose, directors may be removed in the manner provided in this section. (2) The...
• § 4-26-805 - Directors' Meetings.
  (a) Meetings of the board of directors, regular or special, may be held either within or without this state.(b) (1) Regular meetings of the...
• § 4-26-806 - Quorum of Directors.
  A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors then...
• § 4-26-807 - Action of Board With or Without Meeting.
  (a) The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of...
• § 4-26-808 - Executive Committee.
  (a) The articles of incorporation or bylaws may provide for the creation, by the board of directors from its membership, of an executive committee,...
• § 4-26-809 - Bylaws.
  (a) (1) The initial bylaws of a corporation shall be adopted by its board of directors. (2) The power to alter, amend, or repeal...
• § 4-26-810 - Emergency Bylaws -- Operations During Emergency.
  (a) The board of directors of any corporation may adopt emergency bylaws, subject to repeal or change by action of the shareholders, which shall,...
• § 4-26-811 - Liability of Directors.
  (a) In addition to any other liabilities imposed by law upon directors of a corporation: (1) Directors of a corporation who vote for or...
• § 4-26-812 - Officers.
  (a) (1) The officers of a corporation shall consist of a president, one (1) or more vice presidents as may be prescribed by the...
• § 4-26-813 - Removal of Officers.
  Any officer or agent may be removed by the board of directors whenever in its judgment the best interests of the corporation will be...
• § 4-26-814 - Indemnification of Officers, Directors, Employees, and Agents.
  (a) (1) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a...

Last modified: November 15, 2016