Arkansas Code Title 4, Subtitle 3, Chapter 30, Subchapter 1 - General Provisions

• § 4-30-101 - Definition.
  As used in this chapter, unless the context otherwise requires, the "cooperative plan" shall be construed to mean a business concern that distributes the...
• § 4-30-102 - Purpose of Chapter.
  The purpose of this chapter is to provide for the formation and carrying on of cooperative associations and to provide for the rights, powers,...
• § 4-30-103 - Effect of Chapter Upon § 2-2-401 et Seq.
  The provisions of this chapter shall not be construed in any manner to limit, restrict, enlarge, modify, change, conflict with, or in any manner...
• § 4-30-104 - Acceptance of Benefits of Chapter.
  (a) All cooperative corporations, companies, or associations organized and doing business under prior statutes, or which have attempted to so organize and do business,...
• § 4-30-105 - Administration of Chapter.
  The provisions of this chapter shall be administered by the Secretary of State, who shall have power to employ such help as in his...
• § 4-30-106 - Corporate Title.
  The title of the corporation may begin with "The" and shall end with "Association", "Company", "Corporation", "Exchange", "Society", "Union", or "Incorporated" or its abbreviation
• § 4-30-107 - Membership -- Purposes.
  Any number of persons, corporations, or entities may associate themselves together as a cooperative corporation for the purpose of conducting any agricultural, dairy, mercantile,...
• § 4-30-108 - Articles of Incorporation.
  (a) The members shall sign and acknowledge written articles of incorporation which shall contain: (1) The name of the corporation; (2) The name and...
• § 4-30-109 - Bylaws.
  (a) Each corporation shall formulate bylaws prescribing the duties of the directors and officials, the manner of distributing the profits of its business, the...
• § 4-30-110 - Board of Directors -- Officers.
  (a) Every association shall be managed by a board of not fewer than five (5) directors.(b) The directors shall be elected by the stockholders...
• § 4-30-111 - Prerequisite for Commencing Business.
  No corporation organized under the provisions of this chapter shall commence business until at least twenty percent (20%) of its capital stock has been...
• § 4-30-112 - Percentage of Stock Ownership Limited -- Voting by Members.
  (a) No person shall be allowed to own or have an interest in more than ten percent (10%) of the capital stock of the...
• § 4-30-113 - Books and Records -- Right of Inspection.
  (a) Each corporation organized under the provisions of this chapter shall keep correct and complete books and records of account and shall keep minutes...
• § 4-30-114 - Annual Reports.
  Each corporation organized under the provisions of this chapter shall make an annual report to the Secretary of State, as is required of other...
• § 4-30-115 - Forms Prescribed by Secretary of State.
  The form for receipts and any other papers necessary for carrying into effect the provisions of this chapter shall be prescribed by the Secretary...
• § 4-30-116 - Organization, Ownership, Control, Etc., of Other Corporations or Associations.
  An association organized or existing hereunder may organize, form, operate, own, control, have an interest in, own stock of, or be a member of...
• § 4-30-117 - Liability of Members for Association's Debts.
  Except for debts lawfully contracted between him or her and the association, no member shall be liable for the debts of the association to...
• § 4-30-118 - Tort Liability of Cooperative.
  All cooperative corporations and associations organized under the laws of the State of Arkansas shall be liable and subject to being sued in the...

Last modified: November 15, 2016