Browse Arkansas Code titles and sections
4-33-622. Purchase of memberships.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-622. Purchase of memberships.
(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of §§ 4-33-1301 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-622
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:4-33-622
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b651a8cf1a7a25738ad017c8736018fcf8cd8daef77b361750139db819e73456
Source location: content.xml paragraph 22639
Stored source content
4-33-622. Purchase of memberships.
(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of §§ 4-33-1301 et seq.
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-1301. Prohibited distributions.
Except as authorized by § 4-33-1302, a corporation shall not make any distributions.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-1301
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 4-33-1301. This identifies an authority to review, not proof of applicability.