Arkansas HOA Board Governance & Records

With no comprehensive HOA act, board procedure for most associations flows from the Nonprofit Corporation Act of 1993 plus the bylaws. Section 4-33-701 provides that 'a corporation with members shall hold a membership meeting annually,' while noting that failure to hold it 'does not affect the validity of any corporate action.' Under §§ 4-33-1601 to 4-33-1602 members may inspect and copy corporate records — minutes, accounting records, and the membership list — on a good-faith, proper-purpose written demand. The Act does not require open board meetings. For condominiums, Ark. Code § 18-13-108 requires bylaws fixing who presides and keeps minutes and a 51% threshold to adopt decisions; § 18-13-110 lets co-owners examine the receipts-and-expenditures book.

No specific statutory penalty. A member denied a required annual meeting or wrongfully refused record inspection may petition a court to compel the meeting or inspection under the Nonprofit Corporation Act, and may recover costs in a successful records action.