Arkansas Code Title 4, Subtitle 3, Chapter 27, Subchapter 8, Part C - Standards of Conduct

• § 4-27-830 - General Standards for Directors.
  (a) A director shall discharge his duties as a director, including his duties as a member of a committee: (1) in good faith; (2)...
• § 4-27-831 - Director Conflict of Interest.
  (a) A conflict of interest transaction is a transaction with the corporation in which a director of the corporation has a direct or indirect...
• § 4-27-832 - Loans to Directors.
  (a) Except as provided by subsection (c) of this section, a corporation may not lend money to or guarantee the obligation of a director...
• § 4-27-833 - Liability for Unlawful Distributions.
  (a) Unless he complies with the applicable standards of conduct described in § 4-27-830, a director who votes for or assents to a distribution...
• § 4-27-834 -- 4-27-839 - [Reserved.]

Last modified: November 15, 2016