06 16 OPTIONAL PROVISION: REMOVAL OF DIRECTORS BY SHAREHOLDERS ONLY FOR CAUSE
| Jurisdiction | Arkansas |
| Library | Arkansas Form Book - Complete (2023 Ed.) |
06-16 OPTIONAL PROVISION: REMOVAL OF DIRECTORS BY SHAREHOLDERS ONLY FOR CAUSE
No director shall be removed during term of office by the shareholders unless the director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion, with respect to the corporation.
See Ark. Code Ann. §...
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