Ark. Code Ann. § 2-2-101
This is the official text of Ark. Code Ann. § 2-2-101, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Purpose
Official statutory text
(a) The purposes of this subchapter are to provide for: (1) The formation and operation of agricultural cooperative associations; and (2) The rights, powers, liabilities, and duties of cooperative associations. (b) Associations organized under this subchapter shall be deemed to be nonprofit, inasmuch as they are not organized for the purpose of making profits for themselves or for their members as proprietors, but only for their members as patrons and employees of the associations. Acts 1939, No. 153, § 1; A.S.A. 1947, § 77-1001.
(a) The purposes of this subchapter are to provide for: (1) The formation and operation of agricultural cooperative associations; and (2) The rights, powers, liabilities, and duties of cooperative associations.
(1) The formation and operation of agricultural cooperative associations; and
(2) The rights, powers, liabilities, and duties of cooperative associations.
(b) Associations organized under this subchapter shall be deemed to be nonprofit, inasmuch as they are not organized for the purpose of making profits for themselves or for their members as proprietors, but only for their members as patrons and employees of the associations.
Acts 1939, No. 153, § 1; A.S.A. 1947, § 77-1001.
(a) The purposes of this subchapter are to provide for: (1) The formation and operation of agricultural cooperative associations; and (2) The rights, powers, liabilities, and duties of cooperative associations.
(1) The formation and operation of agricultural cooperative associations; and
(2) The rights, powers, liabilities, and duties of cooperative associations.
(b) Associations organized under this subchapter shall be deemed to be nonprofit, inasmuch as they are not organized for the purpose of making profits for themselves or for their members as proprietors, but only for their members as patrons and employees of the associations.
Acts 1939, No. 153, § 1; A.S.A. 1947, § 77-1001.
Status: in_force
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