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4-28-215. Compensation and reimbursement to members, directors, officers, etc.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-28-215. Compensation and reimbursement to members, directors, officers, etc.
(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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-28-215
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:4-28-215
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 91f9d797925affc376edea1e7784a39361538a95f3f72f3d7e2c06a38bf44a52
Source location: content.xml paragraph 18693
Stored source content
4-28-215. Compensation and reimbursement to members, directors, officers, etc.
(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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