(a) Each corporation must have a board of directors.
(b) Except as provided in this chapter or subsection (c) of this section, all corporate powers shall be exercised by or under the authority of, and the affairs of the corporation managed under the direction of, its board.
(c) The articles may authorize a person or persons to exercise some or all of the powers which would otherwise be exercised by a board. To the extent so authorized any such person or persons shall have the duties and responsibilities of the directors, and the directors shall be relieved to that extent from such duties and responsibilities.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
Subchapter 8 - Directors and Officers
§ 4-33-801. Requirement for and duties of board
§ 4-33-802. Qualification of directors
§ 4-33-803. Number of directors
§ 4-33-804. Election, designation and appointment of directors
§ 4-33-805. Terms of directors generally
§ 4-33-806. Staggered terms for directors
§ 4-33-807. Resignation of directors
§ 4-33-808. Removal of directors elected by members or directors
§ 4-33-809. Removal of designated or appointed directors