Browse Arkansas Code titles and sections
23-37-405. Membership charges prohibited.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-37-405. Membership charges prohibited.
(a) No association shall directly or indirectly charge any membership, admission, withdrawal, or any other fee or sum of money for the privilege of becoming, remaining, or ceasing to be a member of the association, except charges upon the making or modification of a loan.
(b) No association shall charge any member any sum of money by way of fine or penalty for any cause, except for charges made against borrowers for defaults or prepayments.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-37-405
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:23-37-405
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 05de378c5ce16e30c416818d43907d971d97487930e4f1b8a193bb64306e0ea8
Source location: content.xml paragraph 17791
Stored source content
23-37-405. Membership charges prohibited.
(a) No association shall directly or indirectly charge any membership, admission, withdrawal, or any other fee or sum of money for the privilege of becoming, remaining, or ceasing to be a member of the association, except charges upon the making or modification of a loan.
(b) No association shall charge any member any sum of money by way of fine or penalty for any cause, except for charges made against borrowers for defaults or prepayments.
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