(a)
(1) The officers of the corporation shall consist of:
(A) A chair;
(B) A vice chair;
(C) A secretary;
(D) A treasurer; and
(E) Such other officers as the board shall deem necessary to accomplish the purposes for which the corporation was organized.
(2) The offices of secretary and treasurer may be held, but need not be held, by the same person.
(b)
(1) The chair and vice chair of the corporation shall be elected by the board from its membership.
(2) The secretary, the treasurer, and any other officers of the corporation who may be, but need not be, members of the board shall also be elected by the board.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 175 - Public Corporations for Economic Development Act
§ 14-175-105. Authority generally
§ 14-175-106. Authority and procedure to incorporate
§ 14-175-107. Articles of incorporation
§ 14-175-108. Execution and recording of articles
§ 14-175-109. Board of directors
§ 14-175-111. Powers generally
§ 14-175-112. Economic development taxes
§ 14-175-113. Average weekly wage — Job training expenditures
§ 14-175-114. Limitation on liability
§ 14-175-116. Application of Arkansas Nonprofit Corporation Act of 1993