§ 23-17-232. Recordation of mortgages — Effect thereof
(a) Any mortgage, deed of trust, or other instrument executed by a cooperative which affects real and personal property and which is recorded in the real property records in any county in which the property is located or is to be located shall have the same force and effect as if the mortgage, deed of […]
§ 23-17-233. Nonliability of members and shareholders for debts of cooperatives
No member or shareholder shall be liable or responsible for any debts of the cooperative, and the property of the members and shareholders shall not be subject to execution therefor.
§ 23-17-235. Liabilities of connecting companies or cooperatives
No cooperative shall be liable for damage resulting from loss, interruption, or diminished quality of service due to earthquake, flood, storm, infestation, pestilence, civil insurrection, act of war, act of terrorism, software or hardware failure, malfunction, or error, or any cause beyond the control of the cooperative.
§ 23-17-236. Construction standards
(a) Construction of telecommunications lines and facilities by a telecommunications company or cooperative as a minimum requirement shall comply with the standards of the National Electrical Safety Code of the Institute of Electrical and Electronics Engineers in effect at the time of the construction or requirements set up by the Arkansas Public Service Commission. Construction […]
§ 23-17-219. Board of directors — Elections — Term of office — Vacancies
(a) The directors of a cooperative shall hold office until their terms expire or until their successors are elected and qualified. (b) (1) At each annual meeting or, in case of failure to hold the annual meeting as specified in the bylaws, at a special meeting called for that purpose, the members shall elect directors […]
§ 23-17-237. Limitation of actions
No suit shall be brought against any telecommunications company or cooperative by the reason of the installation, use, or maintenance of telecommunications lines, poles, equipment, or fixtures on any real property, or within any right-of-way of any public way, unless it is commenced within two (2) years after the cause of action has accrued.
§ 23-17-220. Board of directors — Meetings
(a) Meetings of the board of directors, regular or special, shall be held at such place and upon such notice as the bylaws may prescribe. (b) (1) Neither the business to be transacted at, nor the purpose of, any regular meeting of the board of directors need be specified in the notice or waiver of […]
§ 23-17-238. Indemnification of directors, officers, employees, or agents — Insurance
(a) (1) A cooperative shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the cooperative, by reason […]
§ 23-17-221. Officers, agents, and employees
(a) (1) (A) The board of directors shall elect a president, a vice president, a secretary, and a treasurer, and one (1) person may be elected to the office of secretary-treasurer. (B) The board of directors may elect such other officers as it deems necessary. (2) The powers, duties, and terms of office of the […]
§ 23-17-239. Standards of conduct for directors — Actions taken without board meeting — Conflicts of interest — Definition
(a) A director shall discharge his or her duties as a director, including his or her duties as a member of a committee: (1) In good faith; (2) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and (3) In a manner he or she reasonably believes to […]