Title 30 — Corporations and Partnerships
4 chapters · 79 sections in this title.
A.S.C.A. § 30.0501 Authority to organize
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A nonprofit cooperative corporation may be organized pursuant to this chapter for the purpose of providing services at cost to its members, on a basis of equality of control of the corporations’ affairs. History: 1962, PL 7-17.
A.S.C.A. § 30.0502 Operations-Limitations
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A nonprofit cooperative corporation may be incorporated in accordance with the provisions of chapters 01, 02, 03, and 05 of this title except that: (a) Voting powers must be one vote for each member, regardless of stock ownership. (b) Financial surpluses must be disposed of in ac…