A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors then of the number stated in the articles of incorporation, shall constitute a quorum for the transaction of business unless a greater number is required by the articles of incorporation or the bylaws.
Ark. Code Ann. § 4-26-806
Quorum of directors
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Applied in 1 court decision — leading case Ray Townsend Farms, Inc. v. Smith (2005)
Most recently applied in Ray Townsend Farms, Inc. v. Smith (April 2005)
Acts 1965, No. 576, § 40; A.S.A. 1947, § 64-305.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.