(a) As used in this subchapter:
(1) “Agricultural products” means horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and farm and ranch products;
(2) “Association” means any corporation organized under this subchapter;
(3) “Member” means actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and
(4) “Person” means individuals, firms, partnerships, corporations, and associations.
(b) Associations organized under this subchapter shall be deemed nonprofit, inasmuch as they are not organized to make profits for themselves as such, or for their members as such, but only for their members as producers.
Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 2 - Agricultural Cooperative Associations
Subchapter 4 - Marketing Associations
§ 2-2-405. Reasons for organizing
§ 2-2-408. Articles of incorporation
§ 2-2-409. Amendments to articles
§ 2-2-413. Regular and special meetings
§ 2-2-416. Removal of officer or director
§ 2-2-417. Certificates of membership or stock ownership
§ 2-2-418. Matters referred to entire membership
§ 2-2-419. Marketing contracts — Remedies
§ 2-2-420. Penalties for inducing breach of contract
§ 2-2-421. Exchange of shares for acquired interests
§ 2-2-423. Interest in other corporations
§ 2-2-424. Agreements with other associations
§ 2-2-425. Existing entities may participate
§ 2-2-426. Arrangements not in restraint of trade