Arkansas Statutes
§ 4-28-210 — Members
Arkansas·Title 4
(a)A corporation may have one (1) or more classes of members, or may have no members, as provided in the articles of incorporation.
(b)(1) If a membership fee is collected, a serially numbered certificate evidencing the membership fee shall be issued.
(2)The records of the corporation shall clearly indicate the amount of the fee collected for each serially numbered certificate of membership.
(3)If honorary membership certificates are issued, the records of the corporation shall reflect each and every one (1) issued.
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Legislative History
Acts 1963, No. 176, § 14; A.S.A. 1947, § 64-1914.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions