Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 27 - Business Corporation Act Of 1987 > Subchapter 2 - Incorporation > § 4-27-206 - Bylaws.

§ 4-27-206 - Bylaws.

4-27-206. Bylaws.

(a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.

(b) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.