Arkansas Code Title 2, Subtitle 1, Chapter 2, Subchapter 1 - General Provisions
- § 2-2-101 - Purpose.
(a) The purposes of this subchapter are to provide for: (1) The formation and operation of agricultural cooperative associations; and (2) The rights, powers,...
- § 2-2-102 - Definitions.
As used in this subchapter, unless the context otherwise requires: (1) "Agricultural products" means horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and any other...
- § 2-2-103 - Construction.
(a) Any provisions of law which otherwise would be in conflict with this subchapter shall not be construed as applying to an association provided...
- § 2-2-104 - Who May Organize.
Any number of persons, not less than five (5), who are engaged in the production of agricultural commodities may form a cooperative association with...
- § 2-2-105 - Reasons for Organizing.
An association may be organized to engage in any agricultural or related activity, including, but without limitation, any activity in connection with the producing,...
- § 2-2-106 - Powers.
Each association incorporated under this subchapter shall have the following powers: (1) To engage in any activity in connection with any agricultural or related...
- § 2-2-107 - Members.
(a) (1) Under the terms and conditions prescribed in its bylaws, an association formed under this subchapter may admit any persons as members who...
- § 2-2-108 - Articles of Association.
(a) Each association formed under this subchapter must prepare and file articles of association, setting forth: (1) The name of the association; (2) The...
- § 2-2-109 - Amendments to Articles.
(a) The articles of association may be altered or amended at any regular or special meeting of the stockholders or members called for that...
- § 2-2-110 - Bylaws -- Amendment of Articles or Bylaws.
(a) (1) Each association incorporated under this subchapter must adopt for its government and management a code of bylaws not inconsistent with the articles...
- § 2-2-111 - Regular and Special Meetings.
(a) In its bylaws, each association shall provide for one (1) or more regular meetings annually.(b) (1) The board of directors shall have the...
- § 2-2-112 - Board of Directors.
(a) (1) The affairs of the association shall be managed by a board of not less than five (5) directors. (2) (A) (i) The...
- § 2-2-113 - Officers.
(a) The board of directors shall elect a president, one (1) or more vice presidents, a secretary, and a treasurer, and they may combine...
- § 2-2-114 - Certificates of Membership or Stock.
(a) When a member of an association established without capital stock has paid his or her membership fee in full, he or she shall...
- § 2-2-115 - Matters Referred to Membership.
Upon demand of one-third (1/3) of the entire board of directors, any matter that has been approved or passed by the board must be...
- § 2-2-116 - Marketing Contracts -- Participation Agreements.
(a) (1) Upon resolution adopted by its board of directors, any association may enter into all necessary and proper contracts and agreements and make...
- § 2-2-117 - Remedies for Breach of Bylaws or Contracts.
(a) (1) The bylaws or the marketing or participation contract of any association existing under this subchapter may fix specific sums as liquidated damages...
- § 2-2-118 - Penalties for Inducing Breach of Contract.
Any person or any corporation whose officers or employees knowingly induce or attempt to induce any person to breach his or her marketing or...
- § 2-2-119 - General Corporation Laws.
The provisions of the general corporation laws of this state, and all powers and rights thereunder, shall apply to the associations organized under this...
- § 2-2-120 - Interest in Similar Entities.
An association organized or existing under this subchapter may organize, form, operate, own, control, have an interest in, own stock of, or be a...
- § 2-2-121 - Existing Entities May Participate.
(a) (1) Any corporation or association organized under previously existing statutes for purposes authorized in this subchapter, which are otherwise eligible under the provisions...
- § 2-2-122 - Arrangements Not in Restraint of Trade.
No association organized or existing under this subchapter shall be deemed to be a combination in restraint of trade or an illegal monopoly or...
- § 2-2-123 - Annual License Fee -- Taxation.
(a) Each association organized or existing under this subchapter shall pay an annual license fee of ten dollars ($10.00) to the Secretary of State.(b)...
- § 2-2-124 - Filing Fees.
For filing articles of association, an association organized under this subchapter shall pay five dollars ($5.00), and it shall pay two dollars and fifty...
Last modified: November 15, 2016