Arkansas Code Title 2. Agriculture § 2-2-305. Plan--Approval

(a)(1) Upon approving the plan of merger or plan of consolidation, the board of directors of each association by resolution shall direct the plan be submitted to a vote at a meeting of members, which may be either an annual or a special meeting.

(b)(1) At each meeting, a vote of the members shall be taken on the proposed plan of merger or consolidation.

(2) Each member of each association shall be entitled to vote on the proposed plan of merger or consolidation.

(3) The plan of merger or consolidation shall be approved upon receiving 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.