Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-35-303. Board of directors--Credit committee--Supervisory committee

(a) The business affairs of the credit union shall be managed by a board of directors of not fewer than five (5) directors, a credit committee of not fewer than three (3) members, and a supervisory committee of not fewer than three (3) members, all to be elected at the annual members' meeting by and from the members.

(b) All members of the board and of the committees shall hold office for such terms as the bylaws may provide.