JEFFERSON COOPERATIVE GIN, INC. v. MILAM

No. 73-125.

500 S.W.2d 932 (1973)

JEFFERSON COOPERATIVE GIN, INC., Appellant, v. Dr. Max MILAM, Director of the Department of Finance & Administration for the State of Arkansas (Commissioner of Revenues), Appellee.

Supreme Court of Arkansas.

November 13, 1973.


Attorney(s) appearing for the Case

Smith, Williams, Friday, Eldredge & Clark by Bryon M. Eiseman, Jr., and Lewis H. Mathis, Little Rock, for appellant.

Walter Skelton, Karl Daly Glass, Jr., John F. Gautney, Jr., Alexander W. Nisbet, Dewey Moore, Jr., and J. R. Nash, Little Rock, for appellee.


HARRIS, Chief Justice.

Appellant, Jefferson Cooperative Gin, Inc., is an agricultural cooperative organized under the provisions of Act 153 of 1939 (Chapter 10, Ark.Stat.Ann. §§ 77-1001 to 77-1025 [Repl.1957 and Supp. 1971]). Section 77-1001 inter alia provides that associations organized under the act shall be deemed to be non-profit, not being organized for the purpose of making profits for themselves or the members, as proprietors, but only for...

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