(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 right to call a special meeting at any time. Members or stockholders holding ten percent (10%) of the voting power may file a petition with the chair of the board stating the specific business to be brought before the association and demand a special meeting at any time.
(2) These meetings must be called by the board.
(c)
(1) Notice of all meetings, together with a statement of the purposes thereof, shall be mailed to each member at least five (5) days before the meeting.
(2) The bylaws may require instead that the notice may be given by publication in a newspaper of general circulation, published at the principal place of business of the association. If no newspaper is published at that place, notice may be given in a newspaper having circulation at the principal place of business of the association.
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