reglab/housing_qa huggingface dataset:
AR Code § 2-2-307 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-307. Effect of merger or consolidation

 (a) The merger or consolidation shall become effective upon the filing in accordance with this subchapter of articles of merger or consolidation or at a time not more than sixty (60) days after the filing, as may be specified in the articles as the time when the merger or consolidation shall become effective.  (b) When the merger or consolidation has been effected:  (1) The several associations party to the plan of merger or consolidation shall be a single association which, in the case of a merger, shall be that association designated in the plan of merger as the surviving association or, in the case of a consolidation, shall be the new association provided for in the plan of consolidation;  (2) Subject to this subchapter, the separate existence of all associations party to the plan of merger or consolidation, except the surviving or new association, shall cease;  (3) The surviving or new association shall have all the rights, privileges, immunities, and powers and shall be subject to all the duties and liabilities of an association organized under this subchapter;  (4)  (A) The surviving or new association shall possess all the rights, privileges, immunities, and franchises of a public as well as of a private nature of each of the merging or consolidating associations.  (B)  (i) All property, real, personal, and mixed, and all debts due on whatever account, including subscriptions to shares, and all other choses in action, and all and every other interest of or belonging to, or due to each of the associations so merged or consolidated, shall be taken and deemed to be transferred to and vested in the single association without further act or deed.  (ii) The title to any real estate or any interest therein vested in any of the associations shall not revert or be in any way impaired by reason of the merger or consolidation;      (5)  (A) The surviving or new association shall be responsible and liable for all the liabilities and obligations of each of the associations so merged or consolidated.  (B) Any claim existing or action or proceeding pending by or against any of the associations may be prosecuted as if the merger or consolidation had not taken place or the surviving or new association may be substituted in its place.  (C) Neither the rights of creditors nor any liens upon the property of any association shall be impaired by the merger or consolidation; and    (6)  (A) In the case of a merger, the articles of incorporation of the surviving association shall be deemed to be amended to the extent, if any, that changes in its articles of incorporation are stated in the plan of merger.  (B) In the case of a consolidation, the statements set forth in the articles of consolidation which are required or permitted to be set forth in the articles of incorporation of associations organized under this subchapter shall be deemed to be the original articles of incorporation of the new association.
AR Code § 2-2-308 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-308. Merger or consolidation of domestic and foreign associations

 (a) One (1) or more foreign associations and one (1) or more domestic associations may be merged or consolidated in the following manner if the merger or consolidation is permitted by the laws of the state or country under which each foreign association is organized:  (1) Each domestic association shall comply with the provisions of this subchapter with respect to the merger or consolidation, as the case may be, of domestic associations. Each foreign association shall comply with the applicable provisions of the laws of the state or country under which it is organized; and  (2) If the surviving or new association, as the case may be, is to be governed by laws of any country or state other than this state, it shall comply with the laws of Arkansas with respect to the admission of foreign associations if it is to transact business in this state. Moreover, it shall file with the Secretary of State of this state an irrevocable appointment of the Secretary of State as its agent to accept service of process in any proceeding.    (b)  (1) The effect of the merger or consolidation shall be the same as in the case of the merger or consolidation of domestic associations if the surviving or new association is to be governed by the laws of this state.  (2) If the surviving or new association is to be governed by the laws of any country or state other than this state, the effect of the merger or consolidation shall be the same as in the case of the merger or consolidation of domestic associations, except insofar as the laws of the other state provide otherwise.
AR Code § 2-2-309 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-309. Continuance of association existence for title transfers

 (a)  (1) The existence of each constituent association which has been dissolved through merger or consolidation shall be continued indefinitely without franchise tax liability for the limited purpose of enabling the constituent association to execute through its own officers formal deeds, conveyances, assignments, and other instruments evidencing the transfer from the constituent to the surviving association or new association created by consolidation of any or all properties, real and personal, which have passed from the constituent to the surviving or consolidated association by operation of law.  (2) The execution of any instruments shall not be essential to effect the transfer of title from the constituent to the surviving or consolidated association, inasmuch as the transfer will take effect through operation of law, but the power to execute the instruments is given to the end that it may be exercised:  (A) In respect to properties located in foreign jurisdictions which may not recognize a transmittal of title by operation of law under the merger and consolidation statutes of this state; and  (B) In any other situation where the directors of the surviving or consolidated association consider the execution of the instruments desirable.      (b)  (1) This state will recognize and give effect to a transfer of personal property having a situs in this state which is effected by operation of the laws of another state through a merger or consolidation at any time conducted under the laws of the other state.  (2)  (A) This state will recognize and give effect to a transfer of title to real estate located in this state effected by operation of law through a merger or consolidation conducted under laws of one (1) or more other states. This transfer shall be done on condition that a copy of the agreement of merger or consolidation, executed between the merging or consolidating associations and certified by the secretary of state of the state in which the surviving or consolidated association is domiciled, shall be filed for record with the Secretary of State of this state.  (B) The Secretary of State of this state shall receive the filing whether the surviving or consolidated association does or does not desire to be admitted to this state.
AR Code § 2-2-310 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-310. No approval for financial obligations — Exception

 (a) The board of directors shall not be required to procure any consent from or authorization by the members, except in the instance of the increase of bonded indebtedness of the association, in authorizing:  (1) The procurement of loans, the creation of obligations under which the association is to be primarily or secondarily liable, and the issuance of notes, bonds, and other obligations; and  (2) The mortgage and pledge of all or any part of the association's assets, including after-acquired property, as security for any obligations so incurred.    (b) Where the bonded indebtedness is increased within the meaning of Arkansas Constitution, Article 12, Section 8, authorization of both the creation of the additional indebtedness and the lien securing it shall be required in conformity with the constitutional provision.
AR Code § 2-2-311 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-311. Regular disposition of property

 The sale, lease, or exchange of all or substantially all of the property and assets of an association, when made in the usual and regular course of the business of the association, may be made upon such terms and conditions and for such considerations, which may consist in whole or in part of money or real or personal property, including shares of any other domestic or foreign association, as shall be authorized by its board of directors, and no authorization or consent of the members shall be required.
AR Code § 2-2-312 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-312. Disposition of property other than in regular course of business

 A sale, lease, or exchange of all or substantially all the property and assets, with or without the goodwill of an association, if not made in the usual and regular course of its business, may be made upon the terms and conditions and for consideration, which may consist in whole or in part of money or real or personal property, including shares of any other domestic or foreign association, as may be authorized in the following manner:   (1) The board of directors shall adopt a resolution recommending the sale, lease, or exchange and directing the submission thereof to a vote at a meeting of members, which may be either an annual or a special meeting;  (2) Written or printed notice shall be given to each member of record within the time and in the manner provided in this subchapter for the giving of notice of special meetings of members. Whether the meeting is an annual or a special meeting, the notice shall state that the purpose or one of the purposes of the meeting is to consider the proposed sale, lease, or exchange;  (3)  (A) At the meeting, the members may authorize the sale, lease, or exchange and may fix or may authorize the board to fix any or all of the terms and conditions thereof and the consideration to be received by the association.  (B) Each member of the association shall be entitled to vote thereon.  (C) The authorization shall require 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; and    (4) After the authorization by vote of members, the board, nevertheless, in its discretion may abandon the sale, lease, or exchange of assets, subject to the rights of third parties under any contracts relating thereto, without further action or approval by members.
AR Code § 2-2-313 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 3 - Merger and Consolidation|§ 2-2-313. Rights of shareholders, members, and patrons

 (a) The merger or consolidation of an association under this subchapter shall constitute an assignment to the surviving or new association of all rights of any shareholder, member, or patron in the capital stock, patronage, or other interests in the association determined as of the effective date of the merger or consolidation.  (b) The shareholder, member, or patron in a merger, consolidation, sale, lease, or exchange of all or substantially all the property and assets of an association under this subchapter shall not be entitled to have the fair value of his or her capital stock, patronage, or other interests appraised as may otherwise be required by the general corporation laws of this state if:  (1) The surviving or new association in any merger or consolidation agrees to assume the obligations for the capital stock, patronage, or other interests of the merging or consolidating association, determined as of the effective date of the merger or consolidation, as may be provided under the bylaws or articles of association of the merging or consolidating association, or the association whose assets are sold or leased; or  (2) The acquiring association in any purchase or lease of all or substantially all of the property and assets of a transferring association pays consideration to the transferring association in cash or equity of the acquiring association, or both, the face value of which is equal to or greater than the face value of the issued and outstanding equity of the transferring association held by its shareholders, members, or patrons, determined as of the effective date of the sale or lease of assets.
AR Code § 2-2-401 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-401. Title

 This subchapter shall be referred to as the “Cooperative Marketing Act”.
AR Code § 2-2-402 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-402. Purpose

 The purpose of this subchapter is to:   (1) Promote, foster, and encourage the intelligent and orderly marketing of agricultural products through cooperation and to eliminate speculation and waste;  (2) Make the distribution of agricultural products as direct as can be efficiently done between producer and consumer; and  (3) Stabilize the marketing problems of agricultural products.
AR Code § 2-2-403 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-403. Definitions

 (a) As used in this subchapter:  (1) “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.    (b) 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.
AR Code § 2-2-404 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-404. Who may organize

 Five (5) or more persons engaged in the production of agricultural products may form a nonprofit cooperative association, with or without capital stock, under the provisions of this subchapter.
AR Code § 2-2-405 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-405. Reasons for organizing

 An association may be organized to engage in any activity in connection with the marketing or selling of the agricultural products of its members or with the harvesting, preserving, drying, processing, canning, packing, ginning, compressing, storing, handling, shipping, or utilization thereof or the manufacturing or marketing of the by-products thereof; in connection with the manufacturing, selling, or supplying to its members of machinery, equipment, or supplies; in the financing of the enumerated activities; or in any one (1) or more of the activities specified in this subchapter.
AR Code § 2-2-406 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-406. Powers

 Each association incorporated under this subchapter shall have the following powers to:   (1)  (A) Engage in any activity in connection with the marketing, selling, harvesting, preserving, drying, processing, canning, packing, ginning, compressing, storing, handling, or utilization of any agricultural products produced or delivered to it by its members; the manufacturing or marketing of the by-products thereof; in connection with the purchase, hiring, or use by members of supplies, machinery, or equipment; in the financing of any such activities; or in any one (1) or more of the activities specified in this section.  (B) No association, however, shall handle the products of nonmembers to an extent greater than that handled for members;    (2) Borrow money and to make advances to members;  (3) Act as the agent or representative of any member in any of the mentioned activities;  (4) Purchase or otherwise acquire and to hold, own, and exercise all rights of ownership in, and to sell, transfer, or pledge shares of the capital stock or bonds of any corporation or association engaged in any related activity or in the handling or marketing of any of the products handled by the association;  (5) Establish reserves and to invest the funds thereof in bonds or such other property as may be provided in the bylaws;  (6) Buy, hold, and exercise all privileges of ownership over such real or personal property as may be necessary or convenient for the conducting and operation of any of the business of the association or incidental thereto; and  (7)  (A) Do each and every thing necessary, suitable, or proper for the accomplishment of any one (1) of the purposes or the attainment of any one (1) or more of the objects enumerated in this section or conducive to or expedient for the interest or benefit of the association, and to contract accordingly.  (B) In addition, to exercise and possess all powers, rights, and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged.  (C) In addition, to have any other rights, powers, and privileges granted by the laws of this state to ordinary corporations, except as are inconsistent with the express provisions of this subchapter, and to do any such thing anywhere.
AR Code § 2-2-407 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-407. Members

 (a) Under the terms and conditions prescribed in its bylaws, an association may admit as members, or issue common stock only to, persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of agricultural products and any lessors and landlords who receive as rent part of the crop raised on the leased premises.  (b) If a member of a nonstock association is other than a natural person, the member may be represented by any individual, associate, officer, or member thereof, duly authorized in writing.  (c) An association organized under this subchapter may become a member or stockholder of any other association organized under this subchapter.
AR Code § 2-2-408 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-408. Articles of incorporation

 (a) Each association formed under this subchapter must prepare and file articles of incorporation setting forth:  (1) The name of the association;  (2) The purposes for which it is formed;  (3) The place where its principal business will be transacted;  (4) The term for which it is to exist, not exceeding fifty (50) years;  (5)  (A) The number of directors, which must be not fewer than five (5) and may be any number in excess thereof; and  (B) The term of office of the directors;    (6)  (A)  (i) If organized without capital stock, whether the property rights and interest of each member shall be equal or unequal.  (ii) If unequal, the articles shall set forth the general rules applicable to all members by which the property rights and interests, respectively, of each member may and shall be determined and fixed.    (B) The association shall have the power to admit new members who shall be entitled to share in the property of the association with the old members, in accordance with the general rules.  (C) This provision of the articles of incorporation shall not be altered, amended, or repealed except by the written consent of the vote of three-fourths (¾) of the members; and    (7)  (A) If organized with capital stock, the amount of the stock and the number of shares into which it is divided and the par value thereof.  (B)  (i) The capital stock may be divided into preferred and common stock.  (ii) If so divided, the articles of incorporation must contain a statement of the number of shares of stock to which preference is granted, the number of shares of stock to which no preference is granted, and the nature and extent of the preference and privileges granted to each.        (b)  (1) The articles must be subscribed by the incorporators and acknowledged by one (1) of them before an officer authorized by the law of this state to take and certify acknowledgment of deeds and conveyances.  (2)  (A) They shall be filed in accordance with the provisions of the general corporation law of this state.  (B) When so filed, the articles of incorporation or certified copies shall be received in all the courts of this state and other places as prima facie evidence of the facts contained therein and of the due incorporation of the association.    (3) A certified copy of the articles of incorporation shall also be filed with the Dean of the College of Agriculture of the University of Arkansas at Fayetteville and the Secretary of State.
AR Code § 2-2-409 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-409. Amendments to articles

 (a) The articles of incorporation may be altered or amended at any regular meeting or at any special meeting called for that purpose.  (b) Amendments to the articles of incorporation when so adopted shall be certified to by the president and secretary of the association and shall be filed with the Secretary of State.
AR Code § 2-2-410 (2020)
2020 Arkansas Code|Title 2 - Agriculture|Subtitle 1 - General Provisions|Chapter 2 - Agricultural Cooperative Associations|Subchapter 4 - Marketing Associations|§ 2-2-410. Filing fees

 For filing articles of incorporation, an association organized under this subchapter shall pay five dollars ($5.00), and for filing an amendment to the articles, it shall pay two dollars and fifty cents ($2.50).