Arkansas Code Title 4. Business and Commercial Law § 4-33-1302. Authorization

(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:

(b) Corporations may make distributions upon dissolution in conformity with §§ 4-33-1401 et seq.

(c) Corporations that are organized and operated as cooperative within the meaning of Subchapter T of the Internal Revenue Code of 1986, as amended, Internal Revenue Code §§ 1381-1388,  1 may make distributions to their members in accordance with Subchapter T.