Ark. Code § 2-2-115
Current with legislation from 2024 Fiscal and Special Sessions.
Upon demand of one-third (1/3) of the entire board of directors, any matter that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting. A special meeting may be called for that purpose.
Ark. Code § 2-2-115