Arkansas § 2-2-415 Officers

Arkansas Statutes

§ 2-2-415 — Officers

Arkansas § 2-2-415

Title2

This text of Arkansas § 2-2-415 (Officers) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 2-2-415 (2026).

Text

(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 secretary-treasurer.

(2)(A) The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a functionary of the board of directors.

(B)In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board.

Free access — add to your briefcase to read the full text and ask questions with AI

(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 secretary-treasurer. (2) (A) The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a functionary of the board of directors. (B) In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board.