Browse Arkansas Code titles and sections
20-59-601. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
20-59-601. Definitions.
As used in this subchapter, unless the context otherwise requires:
(1) “Cooperative association” means any group in which farmers act together in the market preparation, processing, or marketing of farm products or any association organized under § 2-2-101 et seq., the Cooperative Marketing Act, § 2-2-401 et seq., or § 4-30-101 et seq.;
(2) “Dairy farmer” means a farmer engaged in the business of producing milk for sale to milk processors or to a cooperative association of which the dairy farmer is a member;
(3) “Escrow account agent” means an entity within this state which is insured either by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation [abolished];
(4) “Milk processor” means a person who operates a milk, milk products, or frozen desserts processing plant that is located in the State of Arkansas; and
(5) “Purchase price” means an amount of money, based on estimated butterfat content at the time of delivery, that a milk processor agrees to pay a dairy farmer for a purchase of raw milk.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 20-59-601
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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Stable record: arkansas_code:legal_authorities:20-59-601
Source file: gov.ar.code.title.20.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 60dd45350861033d578476ba6ecf2e86a94954fe9afc6535c9e2e730f12da64a
Source location: content.xml paragraph 31466
Stored source content
20-59-601. Definitions.
As used in this subchapter, unless the context otherwise requires:
(1) “Cooperative association” means any group in which farmers act together in the market preparation, processing, or marketing of farm products or any association organized under § 2-2-101 et seq., the Cooperative Marketing Act, § 2-2-401 et seq., or § 4-30-101 et seq.;
(2) “Dairy farmer” means a farmer engaged in the business of producing milk for sale to milk processors or to a cooperative association of which the dairy farmer is a member;
(3) “Escrow account agent” means an entity within this state which is insured either by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation [abolished];
(4) “Milk processor” means a person who operates a milk, milk products, or frozen desserts processing plant that is located in the State of Arkansas; and
(5) “Purchase price” means an amount of money, based on estimated butterfat content at the time of delivery, that a milk processor agrees to pay a dairy farmer for a purchase of raw milk.
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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. The source passage cites 2-2-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
2-2-401. Title.
This subchapter shall be referred to as the “Cooperative Marketing Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 2-2-401
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. The source passage cites 2-2-401. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
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; and
(2) The remainder prorated to its several stockholders upon their purchases from or sales to the concern or both such purchases and sales.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-30-101
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. The source passage cites 4-30-101. This identifies an authority to review, not proof of applicability.