Arkansas Code
Subchapter 2 - Arkansas Nonprofit Corporation Act
§ 4-28-202. Definitions

As used in §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224, unless the context otherwise requires:
(1) “Board of directors” means the group of persons vested with the management of the affairs of the corporation;
(2) “Corporation” means a domestic corporation not for profit subject to the provisions of §§ 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224;
(3) “Foreign corporation” means a corporation not for profit organized under laws other than the laws of this state; and
(4) “Not-for-profit corporation” means a corporation no part of the income of which is distributable to its members, directors, or officers. Sections 4-28-201 — 4-28-206 and 4-28-209 — 4-28-224 shall apply only to corporations organized under the laws of this state authorizing organization of nonprofit corporations.

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