{"data":{"id":"us-ar/ark.-code-ann.-4-33-622","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-33-622","heading":"Purchase of memberships.","body":"(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.\n(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of §§ 4-33-1301 et seq.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 33 The Arkansas Nonprofit Corporation Act of 1993","Subchapter 6 — Members and Membership","Part C — Resignation and Termination"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"ee79e3798ab016769d67c2b9c12c48cd25f7626c4d9e190af4df90f401eb7992","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-33-621","next":"us-ar/ark.-code-ann.-4-33-640"},"notice":"GroundRules: Original legal text. Not legal advice."}