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2012 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations And Associations
Chapter 28 - Nonprofit Organizations
Subchapter 2 - -- Arkansas Nonprofit Corporation Act
§ 4-28-215 - Compensation and reimbursement to members, directors, officers, etc.


AR Code § 4-28-215 (2012) What's This?

(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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