Title 2 — Agriculture
31 chapters · 691 sections in this title.
Ark. Code Ann. § 2-2-412 [Repealed.]
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A.C.A. § 2-2-412Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 2-2-413 Regular and special meetings
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(a) In its bylaws, each association shall provide for one (1) or more regular meetings annually. (b) (1) The board of directors shall have the right to call a special meeting at any time, and ten percent (10%) of the members or stockholders may file a petition stating the specifi…
Ark. Code Ann. § 2-2-414 Board of directors
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(a) (1) The affairs of the association shall be managed by a board of not less than five (5) directors elected by the members or stockholders from their own number.(2) (A) (i) The bylaws may provide that the territory in which the association has members shall be divided into dis…
Ark. Code Ann. § 2-2-415 Officers
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(a) The board of directors shall elect from their number a president and one (1) or more vice presidents. (b) (1) They shall also elect a secretary and treasurer, who need not be directors, and they may combine the two (2) latter offices and designate the combined office as secre…
Ark. Code Ann. § 2-2-416 Removal of officer or director
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(a) (1) Any member may bring charges against an officer or director by filing the charges in writing with the secretary of the association, together with a petition signed by ten percent (10%) of the members, requesting the removal of the officer or director in question.(2) The r…
Ark. Code Ann. § 2-2-417 Certificates of membership or stock ownership
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(a) When a member of an association established without capital stock has paid his or her membership fee in full, he or she shall receive a certificate of membership. (b) (1) (A) No association shall issue stock to a member until the stock has been fully paid for.(B) The promisso…
Ark. Code Ann. § 2-2-418 Matters referred to entire membership
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Upon demand of one-third (⅓) of the entire board of directors, any matter that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting. A special meeting may be called for that purp…
Ark. Code Ann. § 2-2-419 Marketing contracts — Remedies
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(a) (1) The association and its members may make and execute marketing contracts requiring the members to sell, for any period of time not over ten (10) years, all or any specified part of their agricultural products or specified commodities exclusively to or through the associat…
Ark. Code Ann. § 2-2-420 Penalties for inducing breach of contract
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Any person or corporation whose officers or employees knowingly induce or attempt to induce any member or stockholder of an association organized under this subchapter to breach his or her marketing contract with the association or who maliciously and knowingly spread false repor…
Ark. Code Ann. § 2-2-421 Exchange of shares for acquired interests
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Whenever an association organized under this subchapter with preferred capital stock shall purchase the stock or any property or any interest in any property of any person, firm, corporation, or association, it may discharge the obligations so incurred, wholly or in part, by exch…
Ark. Code Ann. § 2-2-422 Annual report
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(1) Each association formed under this subchapter shall prepare and make out an annual report on forms furnished by the Secretary of State and the College of Agriculture of the University of Arkansas at Fayetteville, containing:(1) The name of the association;(2) Its principal pl…
Ark. Code Ann. § 2-2-423 Interest in other corporations
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(a) An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation, with or without capital stock; and engage in preserving, drying, processing, canning, packing, ginning, compressing, storing, handling, shippi…
Ark. Code Ann. § 2-2-424 Agreements with other associations
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(a) Upon resolution adopted by its board of directors, any association may enter into all necessary and proper contracts and agreements and make all necessary and proper stipulations, agreements, contracts, and arrangements with any other cooperative corporation or association fo…
Ark. Code Ann. § 2-2-425 Existing entities may participate
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(a) (1) By a majority vote of its stockholders or members, any corporation or association organized under previous existing statutes may be brought under the provisions of this subchapter by limiting its membership and adopting the other restrictions as provided in this subchapte…
Ark. Code Ann. § 2-2-426 Arrangements not in restraint of trade
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No association organized under this subchapter shall be deemed to be a combination in restraint of trade or an illegal monopoly or an attempt to lessen competition or fix prices arbitrarily. The marketing contracts or agreements between the association and its members or any agre…
Ark. Code Ann. § 2-2-427 Tax exemption
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Each association organized under this subchapter shall be exempt from all franchise or license taxes.
Ark. Code Ann. § 2-2-428 General corporation laws
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The provisions of the general corporation laws of this state and all powers and rights thereunder shall apply to the associations organized under this subchapter, except where the provisions are in conflict with or inconsistent with the express provisions of this subchapter.
Ark. Code Ann. § 2-2-429 Conflicting laws
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Any provisions of law which are in conflict with this subchapter shall not be construed as applying to the associations provided for in this subchapter.
Ark. Code Ann. § 2-2-430 Conversion to nonprofit corporate status
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(a) An association formed under this subchapter may elect to be governed by the provisions of the Arkansas Nonprofit Corporation Act of 1993, § 4-33-101 et seq., by amending and restating its articles of incorporation to provide that it shall be so governed. (b) The election shal…