Arkansas § 23-48-323 Officers - Selection - Terms - Bonds

Arkansas Statutes

§ 23-48-323 — Officers - Selection - Terms - Bonds

Arkansas § 23-48-323

Title23

This text of Arkansas § 23-48-323 (Officers - Selection - Terms - Bonds) 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. § 23-48-323 (2026).

Text

(a)(1) A state bank shall have:

(A)A president or chief executive officer, or both;

(B)A secretary; and (C) Any other officers as the directors may from time to time designate.

(2)An individual may hold more than one (1) office.

(b)The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors.

(c)The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank.

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

(a) (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (b) The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors. (c) The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank.