(a) No person shall be allowed to own or have an interest in more than ten percent (10%) of the capital stock of the corporation.
(b) Voting upon all questions shall be by members and not by stock.
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