Browse Arkansas Code titles and sections
23-17-241. Opting out of underground damage coverage.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-17-241. Opting out of underground damage coverage.
(a) Any cooperative established under this subchapter may opt out of coverage under the Arkansas Underground Facilities Damage Prevention Act, § 14-271-101 et seq., by providing written notice to the Arkansas Public Service Commission by first class mail.
(b) Any references in this section and §§ 23-17-201 — 23-17-240 and 23-17-242 to “this subchapter” and any 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) · 23-17-241
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:23-17-241
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 51d37bb540366822f8447dc9dbb04738ce560ecc98d2fd7be801d73f754c771b
Source location: content.xml paragraph 12328
Stored source content
23-17-241. Opting out of underground damage coverage.
(a) Any cooperative established under this subchapter may opt out of coverage under the Arkansas Underground Facilities Damage Prevention Act, § 14-271-101 et seq., by providing written notice to the Arkansas Public Service Commission by first class mail.
(b) Any references in this section and §§ 23-17-201 — 23-17-240 and 23-17-242 to “this subchapter” and any 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
14-271-101. Title.
This chapter may be cited as the “Arkansas Underground Facilities Damage Prevention Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-271-101
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 14-271-101. 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.
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. The source passage cites 23-17-240. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-17-242. Cooperative acquiring another cooperative.
Any cooperative organized prior to January 1, 1979, under the provisions of this subchapter may enter into an agreement with any other cooperative so organized for one of the cooperatives to acquire the other cooperative, subject to the following provisions:
(1) Any agreement between cooperatives for one to acquire another shall be in writing and shall set forth the terms and conditions of the acquisition;
(2) Unless otherwise provided in the bylaws of either of the cooperatives who are party to such an agreement, the agreement shall be approved on behalf of the cooperative being acquired upon majority vote of the members of the cooperative being acquired present in person or by proxy at any regular meeting of the members, or at any special meeting of the members called for the purpose of voting on the agreement. The agreement shall only be approved on behalf of the acquiring cooperative upon majority vote of the directors of the acquiring cooperative;
(3) The acquiring cooperative may elect to form a wholly owned subsidiary corporation, or utilize an existing wholly owned subsidiary corporation, which subsidiary need not itself be a cooperative, to own and operate the cooperative being acquired. The validity of the acquisition shall not be affected by the fact that legal title to the cooperative being acquired is taken in the name of a wholly owned subsidiary by the acquiring cooperative; and
(4) Neither the rights of creditors nor the liens upon the property of either the acquiring cooperative or the cooperative being acquired shall be impaired by the acquisition.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-17-242
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 23-17-242. This identifies an authority to review, not proof of applicability.