Arkansas § 4-28-215 - Compensation and reimbursement to members, directors, officers, etc.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-28-215 — Compensation and reimbursement to members, directors, officers, etc., with citation guidance and answers to common questions.
§ 4-28-215. Compensation and reimbursement to members, directors, officers, etc.
A corporation may pay compensation in a reasonable amount to its members, directors, or officers for services rendered and may confer benefits upon its members in conformity with its purposes. A corporation may make reimbursement to its members, directors, officers, or employees for expenses incurred in attending to their authorized duties, the expenses to be evidenced by receipt or other proper document.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-28-215
What does Arkansas Code of 1987 Annotated § 4-28-215 cover?
Section 4-28-215 ("Compensation and reimbursement to members, directors, officers, etc.") 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 § 4-28-215?
A common citation format is "Arkansas Code of 1987 Annotated § 4-28-215" (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 § 4-28-215 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.