(a) (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (b) The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors. (c) The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank. Amended by Act 2017, No. 198,§ 8, eff. 8/1/2017. Acts 1997, No. 89, § 1. (a) (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (b) The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors. (c) The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank. Amended by Act 2017, No. 198,§ 8, eff. 8/1/2017. Acts 1997, No. 89, § 1. (a) (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (b) The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors. (c) The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank. Amended by Act 2017, No. 198,§ 8, eff. 8/1/2017. Acts 1997, No. 89, § 1. (a) (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (1) A state bank shall have: (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (A) A president or chief executive officer, or both; (B) A secretary; and (C) Any other officers as the directors may from time to time designate. (2) An individual may hold more than one (1) office. (b) The officers shall hold their offices for a term of one (1) year or until successors are elected unless sooner removed by the board of directors. (c) The board shall require bonds of the officers as it shall deem proper and necessary to protect the funds of the state bank. Acts 1997, No. 89, § 1.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.