As used in this chapter, unless the context otherwise requires, the “cooperative plan” shall be construed to mean a business concern that distributes the net profits of its business by:
(1) The payment of a fixed dividend upon its stock; and
(2) The remainder prorated to its several stockholders upon their purchases from or sales to the concern or both such purchases and sales.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 30 - Cooperative Associations
Subchapter 1 - General Provisions
§ 4-30-102. Purpose of chapter
§ 4-30-103. Effect of chapter upon § 2-2-401 et seq
§ 4-30-104. Acceptance of benefits of chapter
§ 4-30-105. Administration of chapter
§ 4-30-107. Membership — Purposes — Powers
§ 4-30-108. Articles of incorporation
§ 4-30-110. Board of directors — Officers
§ 4-30-111. Prerequisite for commencing business
§ 4-30-112. Percentage of stock ownership limited — Voting by members
§ 4-30-113. Books and records — Right of inspection
§ 4-30-115. Forms prescribed by Secretary of State
§ 4-30-116. Organization, ownership, control, etc., of other corporations or associations