{"data":{"id":"us-ar/ark.-code-ann.-4-27-809","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-27-809","heading":"Removal of directors by judicial proceeding.","body":"(a) The circuit court of the county where a corporation's principal office is located or the Pulaski County Circuit Court, if the corporation does not have a principal office in this state, may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its shareholder holding at least ten percent (10%) of the outstanding shares of any class if the court finds that:\n(1) The director engaged in fraudulent or dishonest conduct, or gross abuse of authority or discretion, with respect to the corporation; and\n(2) Removal is in the best interest of the corporation.\n(b) The court that removes a director may bar the director from reelection for a period prescribed by the court.\n(c) If shareholders commence a proceeding under subsection (a) of this section, they shall make the corporation a party defendant.","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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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":"aae1660635ca247cf4371861241e3bcd7503cd8d63eeff076c5f818d9ed0f22c","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-27-808","next":"us-ar/ark.-code-ann.-4-27-810"},"notice":"GroundRules: Original legal text. Not legal advice."}