GroundRules
Ark. Code Ann. § 4-28-202: Definitions
Where this section sits in the code
- AR Code
- Title 4
- Chapter 28
- Subchapter 2
As used in §§ 4-28-201 - 4-28-206 and 4-28-209 - 4-28-224 , unless the context otherwise requires:
(1) "Board of directors" means the group of persons vested with the management of the affairs of the corporation;
(2) "Corporation" means a domestic corporation not for profit subject to the provisions of §§ 4-28-201 - 4-28-206 and 4-28-209 - 4-28-224 ;
(3) "Foreign corporation" means a corporation not for profit organized under laws other than the laws of this state; and
(4) "Not-for-profit corporation" means a corporation no part of the income of which is distributable to its members, directors, or officers. Sections 4-28-201 - 4-28-206 and 4-28-209 - 4-28-224 shall apply only to corporations organized under the laws of this state authorizing organization of nonprofit corporations.
Collected 2026-09-17T21:35:43Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source