Arkansas Code
Subchapter 3 - Board of Directors
§ 14-125-310. Surety bonds, records of proceedings, and audits

The directors shall provide for:
(1) The execution of surety bonds for all employees and officers who shall be entrusted with funds or property;
(2) The keeping of a full and accurate record of all proceedings and of all resolutions, regulations, and orders issued or adopted; and
(3) An annual audit of the accounts of receipts and disbursements.

Structure Arkansas Code