Arkansas Code Annotated
Ark. Code Ann. § 4-30-101 (2026)
Definition
✓ current as of May 2026
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:
- The payment of a fixed dividend upon its stock; and
- The remainder prorated to its several stockholders upon their purchases from or sales to the concern or both such purchases and sales.
History. Acts 1921, No. 632, § 2; Pope's Dig., § 2263; A.S.A. 1947, § 64-1503.
Notes of Decisions
Cited in 2
cases, 2010–2016 · leading case: McLane S., Inc. v. Arkansas Tobacco Control Bd., 2010 Ark. 498, 375 S.W.3d 628.
McLane S., Inc. v. Arkansas Tobacco Control Bd., 2010 Ark. 498, 375 S.W.3d 628. “The rationale for this opinion is that the Arkansas 17Legislature, when the Unfair Cigarette Sales Act was first passed in 1951 was fully cognizant of the existence of organizations that were created under what is now A.C.A. § 4-30-101 et seq. and since it specifically excluded…”
In re Comm. on Civ. Practice, 2016 Ark. 29. “(dental corporations); §§ 4-30-101 et seq. (cooperatives). In light of the word “any,” this list is obviously not exclusive; for example, the provision reaches foreign corporations as well as those formed under Arkansas law.”
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