Opinion No.

The Honorable W.J. "Bill" McCuen Office of the Secretary of State State Capitol Little Rock, Arkansas 72201-1094

Dear Mr. McCuen:

This is in response to your request for an opinion regarding application of the Arkansas Business Corporation Act of 1987 [Arkansas Code of 1987 Annotated 4-27-101, et seq. (Supp. 1987)]. You have asked the following specific questions in this regard:

1. Are newly formed domestic or foreign Agricultural-Cooperative Associations which are governed by the general corporation laws (Section 2-2-119) but deemed nonprofit (Section 2-2-101) now governed by the Arkansas…