{"data":{"id":"us-ar/ark.-code-ann.-4-27-801","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-801","heading":"Requirement for and duties of board of directors.","body":"(a) Except as provided in subsection (c) of this section, each corporation must have a board of directors.\n(b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.\n(c) A corporation having fifty (50) or fewer shareholders may dispense with or limit the authority of a board of directors by describing in its articles of incorporation who will perform some or all of the duties of a board of directors.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 27 Business Corporation Act of 1987","Subchapter 8 — Directors — Officers — Meetings — Standards of Conduct — Indemnification","Part A: Board of Directors"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"f2d14f04bdd37052483219cbc424e78fc9e949f442bf78b16a1780f0aee87909","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-740","next":"us-ar/ark.-code-ann.-4-27-802"},"notice":"GroundRules: Original legal text. Not legal advice."}