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.
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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