As used in this subchapter, unless the context otherwise requires, 'cooperative bank' means a corporation or association organized under the provisions of this chapter which receives deposits and forwards checks, drafts, or orders for collection.Acts 1921, No. 632, § 18 as added by Acts 1937, No. 287, § 1; Pope's Dig., § 2279; A.S.A. 1947, § 64-1518.
Arkansas Legal Code