Browse Arkansas Code titles and sections
23-17-240. Unclaimed capital credits and stock.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-17-240. Unclaimed capital credits and stock.
(a) When a cooperative formed under this subchapter declares capital credits and any capital credit which remains unclaimed one (1) year after notice of the capital credit was transmitted to the last known address of the beneficiary of the credit:
(1) The cooperative shall not be liable for the credit; and
(2) The credit shall not be deemed unclaimed or abandoned property under § 18-28-201 et seq.
(b)(1) When a cooperative formed under this subchapter has issued shares of stock and subsequent to that time has declared by providing notice to all shareholders of record that the cooperative is redeeming the stock by repurchase, then one (1) year after the notice has been sent to the last known address of all shareholders of record:
(A) The cooperative shall not be liable for the redemption or repurchase value of the stock; and
(B) The stock not redeemed and repurchased shall have no value or rights in the cooperative.
(2) The stock shall not be deemed unclaimed or abandoned property under § 18-28-201 et seq.
(c) References in the Rural Telecommunications Cooperative Act, § 23-17-201 et seq., to “this subchapter” and references in § 23-17-101 et seq. to “this chapter” shall be deemed to also reference this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-17-240
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:23-17-240
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2a6c3943bf6ef62fbfea3fe1f0c581335386fe3be1a2f19d803ac93b33e38bcd
Source location: content.xml paragraph 12312
Stored source content
23-17-240. Unclaimed capital credits and stock.
(a) When a cooperative formed under this subchapter declares capital credits and any capital credit which remains unclaimed one (1) year after notice of the capital credit was transmitted to the last known address of the beneficiary of the credit:
(1) The cooperative shall not be liable for the credit; and
(2) The credit shall not be deemed unclaimed or abandoned property under § 18-28-201 et seq.
(b)(1) When a cooperative formed under this subchapter has issued shares of stock and subsequent to that time has declared by providing notice to all shareholders of record that the cooperative is redeeming the stock by repurchase, then one (1) year after the notice has been sent to the last known address of all shareholders of record:
(A) The cooperative shall not be liable for the redemption or repurchase value of the stock; and
(B) The stock not redeemed and repurchased shall have no value or rights in the cooperative.
(2) The stock shall not be deemed unclaimed or abandoned property under § 18-28-201 et seq.
(c) References in the Rural Telecommunications Cooperative Act, § 23-17-201 et seq., to “this subchapter” and references in § 23-17-101 et seq. to “this chapter” shall be deemed to also reference this section.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-28-201. Definitions.
In this subchapter:
(1) “Administrator” means the Auditor of State.
(2) “Apparent owner” means a person whose name appears on the records of a holder as the person entitled to property held, issued, or owing by the holder.
(3) “Business association” means a corporation, joint stock company, investment company, partnership, unincorporated association, joint venture, limited liability company, business trust, trust company, land bank, safe deposit company, safekeeping depository, financial organization, insurance company, mutual fund, utility, or other business entity consisting of one (1) or more persons, whether or not for profit.
(4) “Domicile” means the state of incorporation of a corporation and the state of the principal place of business of a holder other than a corporation.
(5) “Financial organization” means a savings and loan association, building and loan association, savings bank, industrial bank, bank, banking organization, or credit union.
(6) “Holder” means a person obligated to hold for the account of, or deliver or pay to, the owner property that is subject to this subchapter.
(7) “Insurance company” means an association, corporation, or fraternal or mutual benefit organization, whether or not for profit, engaged in the business of providing life endowments, annuities, or insurance, including accident, burial, casualty, credit life, contract performance, dental, disability, fidelity, fire, health, hospitalization, illness, life, malpractice, marine, mortgage, surety, wage protection, and workers' compensation insurance.
(8) “Mineral” means gas; oil; coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fission
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-28-201
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 18-28-201. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-17-101. Right to construct, operate, and maintain lines — Damages for occupation of property.
(a)(1) Any person or corporation organized by virtue of the laws of this state or of any other state of the United States or by virtue of the laws of the United States, for the purpose of transmitting intelligence by magnetic telegraph or telephone, or other system of transmitting intelligence which is the equivalent of telephone or telegraph and which may be invented or discovered, may construct, operate, and maintain the telegraph, telephone, or other lines necessary for the speedy transmission of intelligence:
(A) Along and over the public highways and streets of the cities and towns of this state;
(B) Across and under the waters and over any lands or public works belonging to this state;
(C) On and over the lands of private individuals;
(D) Upon, along, and parallel to any of the railroads or turnpikes of this state; and
(E) On and over the bridges, trestles, or structures of the railroads.
(2) However, the ordinary use of the public highways, streets, works, railroads, bridges, trestles, or structures and turnpikes shall not be obstructed thereby, nor shall the navigation of the waters be impeded.
(b) Just damages shall be paid to the owners of the lands, railroads, and turnpikes by reason of the occupation of the lands, railroads, and turnpikes by the telegraph or telephone corporations.
(c) Nothing in this subchapter shall limit the authority of municipalities to impose franchise fees pursuant to § 14-200-101.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-17-101
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 23-17-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-17-201. Title.
This subchapter may be cited as the “Rural Telecommunications Cooperative Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-17-201
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 23-17-201. This identifies an authority to review, not proof of applicability.