Okla. Stat. tit. 18, § 18-441-105
This is the official text of Okla. Stat. tit. 18, § 18-441-105, 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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Purpose and duration of limited cooperative
Official statutory text
association.
PURPOSE AND DURATION OF LIMITED COOPERATIVE ASSOCIATION.
(a) A limited cooperative association is an entity distinct
from its members.
(b) A limited cooperative association may be organized for any
lawful purpose, whether or not for profit except for supplying
electric energy or natural gas in rural areas. A cooperative
organized for the purpose of supplying electric energy and promoting
and extending the use thereof in rural areas must be organized under
the Rural Electric Cooperative Act.
(c) Unless the articles of organization state a term for a
limited cooperative association’s existence, the association has
perpetual duration.
PURPOSE AND DURATION OF LIMITED COOPERATIVE ASSOCIATION.
(a) A limited cooperative association is an entity distinct
from its members.
(b) A limited cooperative association may be organized for any
lawful purpose, whether or not for profit except for supplying
electric energy or natural gas in rural areas. A cooperative
organized for the purpose of supplying electric energy and promoting
and extending the use thereof in rural areas must be organized under
the Rural Electric Cooperative Act.
(c) Unless the articles of organization state a term for a
limited cooperative association’s existence, the association has
perpetual duration.
Status: in_force · Read it on the official government site
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