Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 30 - Cooperative Associations > Subchapter 2 - Cooperative Banks > § 4-30-204 - Future incorporation of cooperative banks prohibited.

§ 4-30-204 - Future incorporation of cooperative banks prohibited.

4-30-204. Future incorporation of cooperative banks prohibited.

After March 22, 1937, it shall not be lawful to organize or create and there shall not be organized or created any cooperative bank as defined in 4-30-201, and the Secretary of State shall issue no certificates of incorporation or charters for cooperative banks.