Arkansas Code of 1987 (2023)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 3 - CORPORATIONS AND ASSOCIATIONS (§§ 4-25-101 — 4-38-1203)
Chapter 27 - BUSINESS CORPORATION ACT OF 1987 (§§ 4-27-101 — 4-27-1908)
Subchapter 8 - DIRECTORS - OFFICERS - MEETINGS - STANDARDS OF CONDUCT - INDEMNIFICATION (§§ 4-27-801 — 4-27-850)
Part A - BOARD OF DIRECTORS (§§ 4-27-801 — 4-27-812)
Section 4-27-805 - Terms of directors generally

Universal Citation:
AR Code § 4-27-805 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

  • (a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.
  • (b) The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under § 4-27-806.
  • (c) A decrease in the number of directors does not shorten an incumbent director's term.
  • (d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.
  • (e) Despite the expiration of a director's term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.

Acts 1987, No. 958, § 64-805.


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