Arkansas Statutes
§ 4-28-215 — Compensation and reimbursement to members, directors, officers, etc
Arkansas·Title 4
(a)A corporation may pay compensation in a reasonable amount to its members, directors, or officers for services rendered and may confer benefits upon its members in conformity with its purposes.
(b)A corporation may make reimbursement to its members, directors, officers, or employees for expenses incurred in attending to their authorized duties, the expenses to be evidenced by receipt or other proper document.
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Related
Opinion No.
(Arkansas Attorney General Reports, 1991)
Legislative History
Acts 1963, No. 176, § 8; A.S.A. 1947, § 64-1908.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions