(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.
Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 2 - Agricultural Cooperative Associations
Subchapter 1 - General Provisions
§ 2-2-105. Reasons for organizing
§ 2-2-108. Articles of association
§ 2-2-109. Amendments to articles
§ 2-2-110. Bylaws — Amendment of articles or bylaws
§ 2-2-111. Regular and special meetings
§ 2-2-114. Certificates of membership or stock
§ 2-2-115. Matters referred to membership
§ 2-2-116. Marketing contracts — Participation agreements
§ 2-2-117. Remedies for breach of bylaws or contracts
§ 2-2-118. Penalties for inducing breach of contract
§ 2-2-119. General corporation laws
§ 2-2-120. Interest in similar entities
§ 2-2-121. Existing entities may participate
§ 2-2-122. Arrangements not in restraint of trade