™Your Policy Risk Impact Agent
95 chapters · 3,921 sections in this title.
Ark. Code Ann. § 23-17-238 Indemnification of directors, officers, employees, or agents — Insurance
12.7K chars
(a) (1) A cooperative shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in …
Ark. Code Ann. § 23-17-239 Standards of conduct for directors — Actions taken without board meeting — Conflicts of interest — Definition
9.6K chars
(a) A director shall discharge his or her duties as a director, including his or her duties as a member of a committee:(1) In good faith;(2) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and(3) In a manner he or she reas…
Ark. Code Ann. § 23-17-240 Unclaimed capital credits and stock
2.2K chars
(a) When a cooperative formed under this subchapter declares capital credits and any capital credit which remains unclaimed one (1) year after notice of the capital credit was transmitted to the last known address of the beneficiary of the credit:(1) The cooperative shall not be …
Opting out of underground damage coverage
0.5K chars
(a) Any cooperative established under this subchapter may opt out of coverage under the Arkansas Underground Facilities Damage Prevention Act, § 14-271-101 et seq., by providing written notice to the Arkansas Public Service Commission by first class mail. (b) Any references in th…