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31 chapters · 658 sections in this title.
Ark. Code Ann. § 2-2-413 Regular and special meetings
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(a) In its bylaws, each association shall provide for one (1) or more regular meetings annually. (b) (1) The board of directors shall have the right to call a special meeting at any time, and ten percent (10%) of the members or stockholders may file a petition stating the specifi…
Ark. Code Ann. § 2-2-414 Board of directors
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(a) (1) The affairs of the association shall be managed by a board of not less than five (5) directors elected by the members or stockholders from their own number.(2) (A) (i) The bylaws may provide that the territory in which the association has members shall be divided into dis…
Ark. Code Ann. § 2-2-415 Officers
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(a) The board of directors shall elect from their number a president and one (1) or more vice presidents. (b) (1) They shall also elect a secretary and treasurer, who need not be directors, and they may combine the two (2) latter offices and designate the combined office as secre…
Ark. Code Ann. § 2-2-416 Removal of officer or director
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(a) (1) Any member may bring charges against an officer or director by filing the charges in writing with the secretary of the association, together with a petition signed by ten percent (10%) of the members, requesting the removal of the officer or director in question.(2) The r…