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Ark. Code Ann. § 2-2-403

Definitions

Acts 1921, No. 116, § 2; Pope's Dig., § 2287; A.S.A. 1947, § 77-902.

(1) As used in this subchapter: “Agricultural products” means horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and farm and ranch products;

(2) “Association” means any corporation organized under this subchapter;

(3) “Member” means actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and

(4) “Person” means individuals, firms, partnerships, corporations, and associations.

(5) Associations organized under this subchapter shall be deemed nonprofit, inasmuch as they are not organized to make profits for themselves as such, or for their members as such, but only for their members as producers.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.