Arkansas Statutes
§ 4-30-101 — Definition
Arkansas·Title 4
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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Related
McLane Southern, Inc. v. Arkansas Tobacco Control Board
2010 Ark. 498 (Supreme Court of Arkansas, 2010)
Legislative History
Acts 1921, No. 632, § 2; Pope's Dig., § 2263; A.S.A. 1947, § 64-1503.
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