Arkansas § 4-28-215 Compensation and reimbursement to members, directors, officers, etc

Arkansas Statutes

§ 4-28-215 — Compensation and reimbursement to members, directors, officers, etc

Arkansas § 4-28-215

Title4

This text of Arkansas § 4-28-215 (Compensation and reimbursement to members, directors, officers, etc) 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. § 4-28-215 (2026).

Text

(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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(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.