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4-30-101. Definition.
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. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:4-30-101
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 51aacdb1ccb04603a3448a8bbb9b03d4b299f6f60e7be0fde97f1b08721bb7c4
Source location: content.xml paragraph 20197
Stored source content
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.
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