(a) Any corporation by its bylaws may provide for an executive committee to be elected from and by its board of directors.
(b) The management of the current and ordinary business of the corporation and such other duties as the bylaws may prescribe may be delegated to the committee, but the designation of the committee and the delegation thereto of authority shall not operate to relieve the board of directors, or any member thereof, of any responsibility imposed upon it or him or her by this subchapter.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 18 - Light, Heat, And Power Utilities
Subchapter 3 - Electric Cooperative Corporation Act
§ 23-18-304. Other laws inapplicable
§ 23-18-305. Extension of subchapter to other corporations
§ 23-18-306. Purposes of cooperatives
§ 23-18-307. Powers of corporation
§ 23-18-308. Jurisdiction of commission
§ 23-18-310. Cooperative names
§ 23-18-311. Articles of incorporation
§ 23-18-312. Articles of incorporation — Execution — Filing and recording
§ 23-18-313. Articles of incorporation — Amendment
§ 23-18-314. Certificate of incorporation
§ 23-18-315. Correction of defects of organization
§ 23-18-316. Organizational meeting — Notice
§ 23-18-319. Certificate of membership
§ 23-18-320. Meetings of members
§ 23-18-321. Board of directors
§ 23-18-322. Executive committee
§ 23-18-323. Officers, agents, and employees
§ 23-18-327. Nonprofit operation — Use of revenues
§ 23-18-329. Annual license fee