Arkansas Code
Chapter 27 - Business Corporation Act of 1987
Subchapter 8 - Directors — Officers — Meetings — Standards of Conduct — Indemnification

Part A - : Board of Directors

§ 4-27-801. Requirement for and duties of board of directors - (a) Except as provided in subsection (c) of this section,...

§ 4-27-802. Qualifications of directors - The articles of incorporation or bylaws may prescribe qualifications for...

§ 4-27-803. Number and election of directors - (a) A board of directors must consist of one (1)...

§ 4-27-804. Election of directors by certain classes of shareholders - If the articles of incorporation authorize dividing the shares into...

§ 4-27-805. Terms of directors generally - (a) The terms of the initial directors of a corporation...

§ 4-27-806. Staggered terms for directors - If there are nine (9) or more directors, the articles...

§ 4-27-807. Resignation of directors - (a) A director may resign at any time by delivering...

§ 4-27-808. Removal of directors by shareholders - (a) The shareholders may remove one (1) or more directors...

§ 4-27-809. Removal of directors by judicial proceeding - (a) The circuit court of the county where a corporation's...

§ 4-27-810. Vacancy on board - (a) Unless the articles of incorporation provide otherwise, if a...

§ 4-27-811. Compensation of directors - Unless the articles of incorporation or bylaws provide otherwise, the...

Part B - : Meetings and Action of the Board

§ 4-27-820. Meetings - (a) The board of directors may hold regular or special...

§ 4-27-821. Action without meeting - (a) Unless the articles of incorporation or bylaws provide otherwise,...

§ 4-27-822. Notice of meeting - (a) Unless the articles of incorporation or bylaws provide otherwise,...

§ 4-27-823. Waiver of notice - (a) A director may waive any notice required by this...

§ 4-27-824. Quorum and voting - (a) Unless the articles of incorporation or bylaws require a...

§ 4-27-825. Committees - (a) Unless the articles of incorporation or bylaws provide otherwise,...

Part C - : Standards of Conduct

§ 4-27-830. General standards for directors - (a) A director shall discharge his duties as a director,...

§ 4-27-831. Director conflict of interest - (a) A conflict of interest transaction is a transaction with...

§ 4-27-832. Loans to directors - (a) Except as provided by subsection (c) of this section,...

§ 4-27-833. Liability for unlawful distributions - (a) Unless he complies with the applicable standards of conduct...

Part D - : Officers

§ 4-27-840. Required officers - (a) A corporation has the officers described in its bylaws...

§ 4-27-841. Duties of officers - Each officer has the authority and shall perform the duties...

§ 4-27-842. Standards of conduct for officers - (a) An officer with discretionary authority shall discharge his duties...

§ 4-27-843. Resignation and removal of officers - (a) An officer may resign at any time by delivering...

§ 4-27-844. Contract rights of officers - (a) The appointment of an officer does not itself create...

§ 4-27-850. Indemnification of officers, directors, employees, and agents — Insurance - (a) A corporation shall have power to indemnify any person...