Arkansas § 4-33-622 Purchase of memberships

Arkansas Statutes

§ 4-33-622 — Purchase of memberships

Arkansas § 4-33-622

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This text of Arkansas § 4-33-622 (Purchase of memberships) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-33-622 (2026).

Text

(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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(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.