Arkansas § 4-27-805 Terms of directors generally

Arkansas Statutes

§ 4-27-805 — Terms of directors generally

Arkansas § 4-27-805

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This text of Arkansas § 4-27-805 (Terms of directors generally) 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. § 4-27-805 (2026).

Text

(a)The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.

(b)The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under § 4-27-806 .

(c)A decrease in the number of directors does not shorten an incumbent director's term.

(d)The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.

(e)Despite the expiration of a director's term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.

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(a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected. (b) The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under § 4-27-806 . (c) A decrease in the number of directors does not shorten an incumbent director's term. (d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected. (e) Despite the expiration of a director's term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.