Any officer or agent may be removed by the board of directors whenever in its judgment the best interests of the corporation will be served thereby, but removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer or agent shall not of itself create contract rights.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 26 - Business Corporations Generally
Subchapter 8 - Directors and Officers
§ 4-26-801. Board of directors generally
§ 4-26-802. Number, election, and term of directors
§ 4-26-804. Removal of directors
§ 4-26-805. Directors' meetings
§ 4-26-806. Quorum of directors
§ 4-26-807. Action of board with or without meeting
§ 4-26-808. Executive committee
§ 4-26-810. Emergency bylaws — Operations during emergency
§ 4-26-811. Liability of directors
§ 4-26-813. Removal of officers
§ 4-26-814. Indemnification of officers, directors, employees, and agents