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Except as provided in its articles or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.
Structure Arkansas Code
Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
Subchapter 6 - Members and Membership
Part A - Admission of Members
§ 4-33-601. Admission
§ 4-33-602. Consideration
§ 4-33-603. No requirement of members