Any officer or agent may be removed by the board of directors whenever in its judgment the best interests of the corporation will be served thereby, but removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer or agent shall not of itself create contract rights.
Ark. Code Ann. § 4-26-813
Removal of officers
Known as the Arkansas Business Corporation Act
The act spans §§ 4–4 (323 sections).
Acts 1965, No. 576, § 52; A.S.A. 1947, § 64-311.
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.