Except as provided in its articles or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.
Ark. Code Ann. § 4-33-602
Consideration
Known as the Arkansas Nonprofit Corporation Act
The act spans §§ 4–4 (189 sections).
Acts 1993, No. 1147, § 602.
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.