Okla. Stat. tit. 18, § 18-441-104
This is the official text of Okla. Stat. tit. 18, § 18-441-104, 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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Nature of limited cooperative association
Official statutory text
NATURE OF LIMITED COOPERATIVE ASSOCIATION.
(a) A limited cooperative association organized under the
Uniform Limited Cooperative Association Act of 2009 is an
autonomous, unincorporated association of persons united to meet
their mutual interests through a jointly owned enterprise primarily
controlled by those persons, which permits combining:
Oklahoma Statutes - Title 18. Corporations Page 165
(1) Ownership, financing, and receipt of benefits by the
members for whose interests the association is formed; and
(2) Separate investments in the association by members who may
receive returns on their investments and a share of control.
(b) The fact that a limited cooperative association does not
have one or more of the characteristics described in subsection (a)
of this section does not alone prevent the association from being
formed under and governed by the Uniform Limited Cooperative
Association Act of 2009 nor does it alone provide a basis for an
action against the association.
(a) A limited cooperative association organized under the
Uniform Limited Cooperative Association Act of 2009 is an
autonomous, unincorporated association of persons united to meet
their mutual interests through a jointly owned enterprise primarily
controlled by those persons, which permits combining:
Oklahoma Statutes - Title 18. Corporations Page 165
(1) Ownership, financing, and receipt of benefits by the
members for whose interests the association is formed; and
(2) Separate investments in the association by members who may
receive returns on their investments and a share of control.
(b) The fact that a limited cooperative association does not
have one or more of the characteristics described in subsection (a)
of this section does not alone prevent the association from being
formed under and governed by the Uniform Limited Cooperative
Association Act of 2009 nor does it alone provide a basis for an
action against the association.
Status: in_force · Read it on the official government site
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