reglab/housing_qa huggingface dataset:
AR Code § 2-2-112 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-112. Board of directors

 (a)  (1) The affairs of the association shall be managed by a board of not less than five (5) directors.  (2)  (A)  (i) The bylaws may provide that the territory in which the association has members shall be divided into districts and that the directors shall be elected according to the districts.  (ii) In such cases, the bylaws shall specify the number of directors to be elected by each district and the manner and method of reapportioning the directors and redistricting the territory covered by the association. The bylaws may provide for a quorum of the directors in each district.    (B) The bylaws may provide that primary elections should be held in each district to elect the directors apportioned to the districts, and the results of all the primary elections must be ratified by the next regular meeting of the association or may be considered final as to the association.      (b) The bylaws may provide that one (1) or more directors may be appointed by the Governor, the Dean of the College of Agriculture of the University of Arkansas at Fayetteville, or any other designated federal or state public official or commission.  (c)  (1) Where not otherwise prohibited by the bylaws, the directors of the association may provide a fair remuneration for the time actually spent by its officers, directors, and employees in its service.  (2) No director, during the term of his or her office, shall be a party to a contract for profit with the association differing in any way from the business relations accorded regular members or holders of common stock of the association.    (d) The bylaws may provide for an executive committee and may allot to the committee all the functions and powers of the board of directors, subject to the general direction and control of the board.
AR Code § 2-2-113 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-113. Officers

 (a) The board of directors shall elect a president, one (1) or more vice presidents, a secretary, and a treasurer, and they may combine the two (2) latter officers and designate the combined office as secretary-treasurer.  (b)  (1) The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a functionary of the board.  (2) In such case, the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board.
AR Code § 2-2-114 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-114. Certificates of membership or stock

 (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) Except for debts lawfully contracted between the member and the association, no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his or her membership fee or his or her subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.  (c)  (1) Unless provided otherwise in the articles of association or bylaws of an association, no member or stockholder shall be entitled to more than one (1) vote.  (2) In an election for directors, the number of votes a member or stockholder is entitled to cast may be multiplied by the number of directors being elected. The member or stockholder may distribute the votes among as many candidates as he or she shall see fit.    (d) Any provision of this subchapter or any other law which is applied to an association organized under this subchapter, referring to requirements for a vote or quorum based on a total number or proportion of members or stockholders, shall mean the number or proportion of the votes entitled to be cast by the members or stockholders where an association's articles of association or bylaws entitle any member to more than one (1) vote.  (e) For purposes of this subchapter or any other law which is applied to an association formed under this subchapter, if permitted by the articles of association or the bylaws of the association, any vote of a member or stockholder may be made in person or by proxy and may be counted in the establishment of a quorum.  (f)  (1) No stockholder of a cooperative association organized under this subchapter shall own more than one-twentieth (1/20) of the common stock of the association or more than one (1) share of common stock if there are fewer than twenty (20) common stockholders.  (2) Such an association, in its bylaws, may limit the amount of common stock which one (1) member may own to any amount less than one-twentieth (1/20) of the common stock.    (g)  (1) Any association organized with stock under this subchapter may issue preferred stock, with or without the right to vote.  (2) The stock may be redeemable or retirable by the association on such terms and conditions as may be provided for by the articles of association and printed on the face of the certificate.    (h)  (1)  (A) No association shall issue stock or a membership certificate to a member until it has been fully paid for.  (B) The promissory notes of the members may be accepted by the association as full or partial payment.    (2) The association shall hold the stock or membership certificate as security for the payment of the note, but such retention as security shall not affect the member's right to vote.
AR Code § 2-2-115 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-115. Matters referred to membership

 Upon demand of one-third (1/3) 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 purpose.
AR Code § 2-2-116 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-116. Marketing contracts — Participation agreements

 (a)  (1) 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 its members, other persons, cooperatives, corporations, or associations formed in this or any other state for the cooperative and more economical carrying on of its business or any parts of its business.  (2) Any two (2) or more associations by agreement between them may unite in employing and using or may expressly employ and use the same methods, means, and agencies for carrying on and conducting their respective businesses.    (b) In addition to or in lieu of the marketing contracts authorized in subsection (a) of this section, the association and its members or others may make and execute any other type of participation agreement in cases in which the association will engage in other than marketing activities as authorized under this subchapter.
AR Code § 2-2-117 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-117. Remedies for breach of bylaws or contracts

 (a)  (1) The bylaws or the marketing or participation contract of any association existing under this subchapter may fix specific sums as liquidated damages to be paid by the member or stockholder to the association upon the breach or threatened breach by him or her of any provision of the participation agreement or upon the breach or threatened breach by him or her of any provision of the marketing contract regarding the sale or delivery or withholding of products.  (2) These instruments may further provide that the member will pay all costs, premiums for bonds, expenses, and fees in case any action is brought upon the contract by the association.  (3) These provisions shall be valid and enforceable in the courts of this state, and the clauses providing for liquidated damages shall be enforceable as such and shall not be regarded as penalties.    (b)  (1) In the event of any breach or threatened breach of the marketing contract by a member or other person, the association shall be entitled to an injunction to prevent the breach or further breach of the contract and to a decree of specific performance of the contract.  (2)  (A) Pending the adjudication of the action and upon filing a verified complaint showing the breach or threatened breach and upon filing a bond in the sum of one hundred dollars ($100), the association shall be entitled to an injunction against the member or other person.  (B) The judge, in his or her discretion, may increase the bond to five hundred dollars ($500), after a hearing on five (5) days' notice to the parties if justice demands an increase in the amount of the bond.      (c) In any civil action, upon any marketing contract of any member with any association existing under this subchapter, it shall be conclusively presumed that the products produced by any person, firm, or corporation during the period of time covered by the marketing contract, on the land of the member, however and by whomsoever produced, are the products of the member. As such, the products of the member are subject to the marketing contract if the products have been grown or acquired under any contract between the member and the other person, firm, or corporation entered into after the execution of the marketing contract. In such actions, the remedies for nondelivery or breach shall lie and be enforceable against the persons, firms, or corporations.
AR Code § 2-2-118 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-118. Penalties for inducing breach of contract

 Any person or any corporation whose officers or employees knowingly induce or attempt to induce any person to breach his or her marketing or participation contract with an association shall be guilty of a violation and upon conviction shall be subject to a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) for the offense and shall be liable to the association aggrieved in a civil suit in the penal sum of five hundred dollars ($500) for each offense.
AR Code § 2-2-119 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-119. General corporation laws

 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.
AR Code § 2-2-120 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-120. Interest in similar entities

 An association organized or existing under this subchapter may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any corporation or association, with or without capital stock, engaged in any of the activities authorized under this subchapter, whether formed under this subchapter or any other law of this or any other state.
AR Code § 2-2-121 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-121. Existing entities may participate

 (a)  (1) Any corporation or association organized under previously existing statutes for purposes authorized in this subchapter, which are otherwise eligible under the provisions of this subchapter, may be brought under the provisions of this subchapter by a majority vote of its stockholders or members.  (2)  (A) It shall make out in duplicate a statement signed and sworn to by the president or vice president and secretary to the effect that the corporation or association has decided, by a majority vote of its stockholders or members, to accept the benefits and be bound by the provisions of this subchapter. The statement shall be filed with the charter or articles of association.  (B) The charter or articles of association of the corporation or association shall be amended, if necessary, to comply with the provisions of this subchapter. The charter or articles of association shall be filed as required in this subchapter, except that they shall be signed by a majority of the members of the board of directors.      (b) The bylaws of the corporation or association shall also be amended, if necessary, to comply with the provisions of this subchapter.  (c) The filing fee for filing the statement and charter or articles of association shall be the same as for filing an amendment to the articles of association.
AR Code § 2-2-122 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-122. Arrangements not in restraint of trade

 No association organized or existing 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, nor shall the marketing or participation contracts or agreements between the association and its members or others or any agreements authorized by this subchapter be considered illegal or in restraint of trade.
AR Code § 2-2-123 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-123. Annual license fee — Taxation

 (a) Each association organized or existing under this subchapter shall pay an annual license fee of ten dollars ($10.00) to the Secretary of State.  (b)  (1) In addition, each association shall be subject to the Arkansas Gross Receipts Act of 1941, as amended, § 26-52-101 et seq., and the Arkansas Compensating Tax Act of 1949, as amended, § 26-53-101 et seq., and all other taxes levied in this state. However, any association which immediately distributes at the close of each business year all surpluses by cash or certificate to its members shall not be subject to the Income Tax Act of 1929, § 26-51-101 et seq., with respect to the income.  (2) Each association shall be subject to taxes upon its real estate and personal property.
AR Code § 2-2-124 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 1 - General Provisions|§ 2-2-124. Filing fees

 For filing articles of association, an association organized under this subchapter shall pay five dollars ($5.00), and it shall pay two dollars and fifty cents ($2.50) for filing an amendment to the articles.
AR Code § 2-2-201 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 2 - Cotton Associations|§ 2-2-201. Membership

 (a) A person, firm, or corporation shall become a member of a cotton cooperative association organized and domesticated under the laws of the State of Arkansas only when the membership contract shall be in duplicate and shall state the time of the duration of each contract signed both by the member and the association.  (b) The signature of any person on a draft or check containing conditions which purport to make a person a member of a cotton cooperative association as a prerequisite to obtaining money on any draft or check given to him or her for any cotton which he or she has sold or pledged to any cotton cooperative association shall not be construed as making the person a member of the association, even though he or she has signed or endorsed the check or draft.
AR Code § 2-2-202 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 2 - Cotton Associations|§ 2-2-202. Penalty

 (a) Any person, firm, or corporation violating any provision of § 2-2-201 shall be guilty of a Class A misdemeanor.  (b) Each violation of any provision of § 2-2-201 shall be deemed a separate offense.
AR Code § 2-2-301 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-301. Applicability

 Except as otherwise provided in this subchapter, the provisions of this subchapter shall apply exclusively to the merger, consolidation, mortgage, sale, and lease of assets of and by an association subject to the provisions of this subchapter.
AR Code § 2-2-302 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-302. Provisions supplemental

 (a) The provisions of this subchapter shall be supplemental to, and part of, §§ 2-2-101 — 2-2-124, 2-2-201, and 2-2-202, and legislation amendatory and supplemental to these provisions relating to agricultural cooperative associations.  (b) The definitions of terms in § 2-2-102 shall be equally applicable with respect to terms used in this subchapter.
AR Code § 2-2-303 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-303. Procedure for merger

 (a) Any two (2) or more domestic associations created under § 2-2-101 et seq. may merge into one (1) of these associations under a plan of merger approved in the manner provided in this subchapter.  (b) The board of directors of each association shall, by resolution adopted by each board, approve a plan of merger setting forth:  (1) The names of the associations proposing to merge and the name of the association into which they propose to merge, which is designated as the “surviving association”;  (2) The terms and conditions of the proposed merger;  (3) The manner and basis of converting the shares, patronage, or other interests of each merging association into shares or other interests of the surviving association;  (4) A statement of any changes in the articles of incorporation of the surviving association to be affected by the merger;  (5) The time when the merger shall become effective; and  (6) Such other provisions with respect to the proposed merger as are deemed necessary or desirable.
AR Code § 2-2-304 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-304. Procedure for consolidation

 (a) Any two (2) or more domestic associations created under § 2-2-101 et seq. may consolidate into a new association under a plan of consolidation approved in the manner provided in this subchapter.  (b) The board of directors of each association by a resolution adopted by each board shall approve a plan of consolidation setting forth:  (1) The names of the associations proposing to consolidate, and the name of the new association into which they propose to consolidate, which is designated as the “new association”;  (2) The terms and conditions of the proposed consolidation;  (3) The manner and basis of converting the shares, patronage, or other interests of each association into shares or other interests of the new association;  (4) With respect to the new association, all of the statements required to be set forth in articles of incorporation for associations organized under this subchapter;  (5) The time when the consolidation shall become effective; and  (6) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
AR Code § 2-2-305 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-305. Approval by members — Abandonment

 (a)  (1) Upon approving the plan of merger or plan of consolidation, the board of directors of each association by resolution shall direct the plan be submitted to a vote at a meeting of members, which may be either an annual or a special meeting.  (2)  (A) Written or printed notice shall be given to each member not less than twenty (20) days before the meeting, in the manner provided in this subchapter for the giving of notice of meetings to members, and shall state the purpose of the meeting, whether the meeting is an annual or a special meeting.  (B) A copy or a summary of the plan of merger or plan of consolidation, as the case may be, shall be included in or enclosed with the notice.      (b)  (1) At each meeting, a vote of the members shall be taken on the proposed plan of merger or consolidation.  (2) Each member of each association shall be entitled to vote on the proposed plan of merger or consolidation.  (3) The plan of merger or consolidation shall be approved upon receiving the affirmative vote of at least two-thirds (2/3) of the votes cast at the meeting in which members holding not less than fifty percent (50%) of the voting power of the association are represented in person or by proxy.    (c) After approval by a vote of the members of each association and at any time before the filing of the articles of merger or consolidation, the merger or consolidation may be abandoned under provisions, if any, set forth in the plan of merger or consolidation.
AR Code § 2-2-306 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-306. Articles of merger or consolidation

 Upon approval, articles of merger or articles of consolidation shall be executed by each association and filed in accordance with this subchapter, which shall be certified by the president and secretary of each association signing them and shall set forth:   (1) The plan of merger or the plan of consolidation, including the time when it shall become effective;  (2) As to each association:  (A) The number of shares or memberships outstanding or votes entitled to be cast; and  (B) If the shares or members of any class are entitled to vote as a class, the designation in number of outstanding shares or memberships or votes entitled to be cast by each class; and    (3) As to each association:  (A) The number of votes cast for and against the plan, respectively; and  (B) If any shares of any class of stock are entitled to vote as a class, the number of shares or votes of each class voted for and against the plan, respectively.