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Okla. Stat. tit. 18, § 18-438.18

This is the official text of Okla. Stat. tit. 18, § 18-438.18, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.

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Merger of cooperatives

Official statutory text

Any one or more cooperatives (each of which is hereinafter

designated a "merging cooperative") may merge into another

cooperative (hereinafter designated the "surviving cooperative"), by

complying with the following requirements:

Oklahoma Statutes - Title 18. Corporations Page 131

(a) The proposition for the merger of the merging cooperative

into the surviving cooperative and proposed articles of merger to

give effect thereto shall be submitted to a meeting of the members

of each merging cooperative and of the surviving cooperative, the

notice of which shall have attached thereto a copy of the proposed

articles of merger;

(b) If the proposed merger and the proposed articles of merger,

with any amendments, are approved by the affirmative vote of not

less than two thirds of those members of each cooperative voting

thereon at each such meeting, articles of merger in the form

approved shall be executed and acknowledged on behalf of each such

cooperative by its president or vice president and its seal shall be

affixed thereto and attested by its secretary. The articles of

merger shall recite that they are executed pursuant to this act and

shall state: (1) the name of each merging cooperative and the

address of its principal office; (2) the name of the surviving

cooperative and the address of its principal office; (3) a statement

that each merging cooperative and the surviving cooperative agree to

the merger; (4) the names and addresses of the trustees of the

surviving cooperative; and (5) the terms and conditions of the

merger and the mode of carrying the same into effect, including the

manner in which members and shareholders, if any, of the merging

cooperatives may or shall become members and shareholders,

respectively, of the surviving cooperative; (6) the period of

existence of the new cooperative; and (7) the purpose for which the

cooperative is formed; and may contain any provisions not

inconsistent with this act deemed necessary or advisable for the

conduct of the business of the surviving cooperative. The president

or vice president of each cooperative executing such articles of

merger shall make and annex thereto an affidavit stating that the

provisions of this section in respect of such articles were duly

complied with by such cooperative.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.