2012 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations And Associations
Chapter 30 - Cooperative Associations
Subchapter 1 - -- General Provisions
§ 4-30-101 - Definition.

AR Code § 4-30-101 (2012) What's This?

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;

(2) The remainder prorated to its several stockholders upon their purchases from or sales to the concern or both such purchases and sales.

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