2012 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations And Associations
Chapter 30 - Cooperative Associations
Subchapter 1 - -- General Provisions
§ 4-30-112 - Percentage of stock ownership limited -- Voting by members.

AR Code § 4-30-112 (2012) What's This?

(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.

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