Arkansas Code Title 4, Subtitle 3, Chapter 27, Subchapter 8, Part a - Board of Directors

• § 4-27-801 - Requirement for and Duties of Board of Directors.
  (a) Except as provided in subsection (c) of this section, each corporation must have a board of directors.(b) All corporate powers shall be exercised...
• § 4-27-802 - Qualifications of Directors.
  The articles of incorporation or bylaws may prescribe qualifications for directors. A director need not be a resident of this state or a shareholder...
• § 4-27-803 - Number and Election of Directors.
  (a) A board of directors must consist of one (1) or more individuals, with the number specified in or fixed in accordance with the...
• § 4-27-804 - Election of Directors by Certain Classes of Shareholders.
  If the articles of incorporation authorize dividing the shares into classes, the articles may also authorize the election of all or a specified number...
• § 4-27-805 - Terms of Directors Generally.
  (a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.(b) The terms of...
• § 4-27-806 - Staggered Terms for Directors.
  If there are nine (9) or more directors, the articles of incorporation may provide for staggering their terms by dividing the total number of...
• § 4-27-807 - Resignation of Directors.
  (a) A director may resign at any time by delivering written notice to the board of directors, its chairman, or to the corporation.(b) A...
• § 4-27-808 - Removal of Directors by Shareholders.
  (a) The shareholders may remove one (1) or more directors with or without cause unless the articles of incorporation provide that directors may be...
• § 4-27-809 - Removal of Directors by Judicial Proceeding.
  (a) The circuit court of the county where a corporation's principal office is located or the Pulaski County Circuit Court, if the corporation does...
• § 4-27-810 - Vacancy on Board.
  (a) Unless the articles of incorporation provide otherwise, if a vacancy occurs on a board of directors, including a vacancy resulting from an increase...
• § 4-27-811 - Compensation of Directors.
  Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
• § 4-27-812 -- 4-27-819 - [Reserved.]

Last modified: November 15, 2016