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Ark. Code Ann. § 23-18-318

Members

Acts 1937, No. 342, § 12; Pope's Dig., § 2326; A.S.A. 1947, § 77-1112; Acts 1999, No. 1556, § 16.

(1) All persons proposed to be served by a corporation shall be eligible to membership in a corporation.

(2) No person other than the incorporators shall be, become, or remain a member of a corporation unless the person shall use or agree to use electric energy or, as the case may be, the facilities, supplies, equipment, and services furnished by a corporation.

(3) A corporation organized under this subchapter may become a member of another such corporation and may avail itself fully of the facilities and services thereof.

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.