Okla. Stat. tit. 18, § 18-441-1006
This is the official text of Okla. Stat. tit. 18, § 18-441-1006, 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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Redemption or repurchase
Official statutory text
REDEMPTION OR REPURCHASE. Property distributed to a member by a
limited cooperative association, other than money, may be redeemed
or repurchased as provided in the organic rules but a redemption or
repurchase may not be made without authorization by the board of
directors. The board may withhold authorization for any reason in
its sole discretion. A redemption or repurchase is treated as a
distribution for purposes of Section 96 of this act.
limited cooperative association, other than money, may be redeemed
or repurchased as provided in the organic rules but a redemption or
repurchase may not be made without authorization by the board of
directors. The board may withhold authorization for any reason in
its sole discretion. A redemption or repurchase is treated as a
distribution for purposes of Section 96 of this act.
Status: in_force · Read it on the official government site
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