Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 30 - Cooperative Associations > Subchapter 1 - General Provisions > § 4-30-112 - Percentage of stock ownership limited -- Voting by members.

§ 4-30-112 - Percentage of stock ownership limited -- Voting by members.

4-30-112. Percentage of stock ownership limited -- Voting by members.

(a) No person shall be allowed to own or have an interest in more than ten percent (10%) of the capital stock of the corporation.

(b) Voting upon all questions shall be by members and not by stock.