Arkansas § 4-33-825 Committees of the board

Arkansas Statutes

§ 4-33-825 — Committees of the board

Arkansas § 4-33-825

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This text of Arkansas § 4-33-825 (Committees of the board) 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. § 4-33-825 (2026).

Text

(a)Unless prohibited or limited by the articles or bylaws, a board of directors may create one (1) or more committees of the board and appoint members of the board to serve on them. Each committee shall have two (2) or more directors, who serve at the pleasure of the board.

(b)The creation of a committee and appointment of members to it must be approved by the greater of:

(1)a majority of a quorum of the directors when the action is taken; or (2) the number of directors required by the articles or bylaws to take action under § 4-33-824 .

(c)Sections 4-33-820 - 4-33-824 , which govern meetings, action without meetings, notice and waiver of notice, and quorum and voting requirements of the board, apply to committees of the board and their members as well.

(d)To the extent specified by t

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(a) Unless prohibited or limited by the articles or bylaws, a board of directors may create one (1) or more committees of the board and appoint members of the board to serve on them. Each committee shall have two (2) or more directors, who serve at the pleasure of the board. (b) The creation of a committee and appointment of members to it must be approved by the greater of: (1) a majority of a quorum of the directors when the action is taken; or (2) the number of directors required by the articles or bylaws to take action under § 4-33-824 . (c) Sections 4-33-820 - 4-33-824 , which govern meetings, action without meetings, notice and waiver of notice, and quorum and voting requirements of the board, apply to committees of the board and their members as well. (d) To the extent specified by the board of directors or in the articles or bylaws, each committee of the board may exercise the board's authority under § 4-33-801 . (e) A committee of the board may not, however: (1) authorize distributions; (2) approve or recommend to members dissolution, merger or the sale, pledge or transfer of all or substantially all of the corporation's assets; (3) elect, appoint or remove directors or fill vacancies on the board or on any of its committees; or (4) adopt, amend or repeal the articles or bylaws. (f) The creation of, delegation of authority to, or action by a committee does not alone constitute compliance by a director with the standards of conduct described in § 4-33-830 .