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88 chapters · 2,278 sections in this title.
Ark. Code Ann. § 4-33-845 Officers' authority to execute documents
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Any contract or other instrument in writing executed or entered into between a corporation and any other person is not invalidated as to the corporation by any lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the si…
Ark. Code Ann. § 4-33-850 Part definitions
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(1) In this part:(1) “Corporation” includes any domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the predecessor's existence ceased upon consummation of the transaction.(2) “Director” means an individual who is or was a director of…
Ark. Code Ann. § 4-33-851 Authority to indemnify
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(a) Except as provided in subsection (d) of this section, a corporation may indemnify an individual made a party to a proceeding because the individual is or was a director against liability incurred in the proceeding if the individual:(1) conducted himself or herself in good fai…
Ark. Code Ann. § 4-33-852 Mandatory indemnification
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Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because he or she is or was a director of the corporation against re…