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2-2-415. Officers.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-2-415. Officers.
(a) The board of directors shall elect from their number a president and one (1) or more vice presidents.
(b)(1) They shall also elect a secretary and treasurer, who need not be directors, and they may combine the two (2) latter offices and designate the combined office as secretary-treasurer.
(2)(A) The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a functionary of the board of directors.
(B) In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-2-415
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:2-2-415
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6c0760a2dfd87b40ef3aa9cac3c0744430b5c90b029d317cf96c6af0ba51e542
Source location: content.xml paragraph 849
Stored source content
2-2-415. Officers.
(a) The board of directors shall elect from their number a president and one (1) or more vice presidents.
(b)(1) They shall also elect a secretary and treasurer, who need not be directors, and they may combine the two (2) latter offices and designate the combined office as secretary-treasurer.
(2)(A) The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a functionary of the board of directors.
(B) In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board.
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