Arkansas § 2-2-310 - No approval for financial obligations — Exception.
Full text of Arkansas Arkansas Code of 1987 Annotated § 2-2-310 — No approval for financial obligations — Exception., with citation guidance and answers to common questions.
§ 2-2-310. No approval for financial obligations — Exception.
The board of directors shall not be required to procure any consent from or authorization by the members, except in the instance of the increase of bonded indebtedness of the association, in authorizing: The procurement of loans, the creation of obligations under which the association is to be primarily or secondarily liable, and the issuance of notes, bonds, and other obligations; and The mortgage and pledge of all or any part of the association's assets, including after-acquired property, as security for any obligations so incurred. Where the bonded indebtedness is increased within the meaning of Arkansas Constitution, Article 12, Section 8, authorization of both the creation of the additional indebtedness and the lien securing it shall be required in conformity with the constitutional provision.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 2-2-310
What does Arkansas Code of 1987 Annotated § 2-2-310 cover?
Section 2-2-310 ("No approval for financial obligations — Exception.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 2-2-310?
A common citation format is "Arkansas Code of 1987 Annotated § 2-2-310" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 2-2-310 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.