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2-2-101. Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-2-101. Purpose.
(a) The purposes of this subchapter are to provide for:
(1) The formation and operation of agricultural cooperative associations; and
(2) The rights, powers, liabilities, and duties of cooperative associations.
(b) Associations organized under this subchapter shall be deemed to be nonprofit, inasmuch as they are not organized for the purpose of making profits for themselves or for their members as proprietors, but only for their members as patrons and employees of the associations.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-2-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:2-2-101
Source file: gov.ar.code.title.02.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 40c235578876c9eba85fe8b1cabf430908f79d49b585d635ed41a2c81f461fc0
Source location: content.xml paragraph 218
Stored source content
2-2-101. Purpose.
(a) The purposes of this subchapter are to provide for:
(1) The formation and operation of agricultural cooperative associations; and
(2) The rights, powers, liabilities, and duties of cooperative associations.
(b) Associations organized under this subchapter shall be deemed to be nonprofit, inasmuch as they are not organized for the purpose of making profits for themselves or for their members as proprietors, but only for their members as patrons and employees of the associations.
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