Whenever any corporation organized under this subchapter shall have borrowed money from any federal agency, the obligations issued to secure the payment of such money shall be exempt from the provisions of the Arkansas Securities Act, § 23-42-101 et seq. The provisions of the Arkansas Securities Act, § 23-42-101 et seq., shall not apply to the issuance of membership certificates by any corporation organized under this subchapter.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 18 - Light, Heat, And Power Utilities
Subchapter 3 - Electric Cooperative Corporation Act
§ 23-18-304. Other laws inapplicable
§ 23-18-305. Extension of subchapter to other corporations
§ 23-18-306. Purposes of cooperatives
§ 23-18-307. Powers of corporation
§ 23-18-308. Jurisdiction of commission
§ 23-18-310. Cooperative names
§ 23-18-311. Articles of incorporation
§ 23-18-312. Articles of incorporation — Execution — Filing and recording
§ 23-18-313. Articles of incorporation — Amendment
§ 23-18-314. Certificate of incorporation
§ 23-18-315. Correction of defects of organization
§ 23-18-316. Organizational meeting — Notice
§ 23-18-319. Certificate of membership
§ 23-18-320. Meetings of members
§ 23-18-321. Board of directors
§ 23-18-322. Executive committee
§ 23-18-323. Officers, agents, and employees
§ 23-18-327. Nonprofit operation — Use of revenues
§ 23-18-329. Annual license fee