Okla. Stat. tit. 18, § 18-441-1102
This is the official text of Okla. Stat. tit. 18, § 18-441-1102, 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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Effect of dissociation as member
Official statutory text
EFFECT OF DISSOCIATION AS MEMBER.
(a) Upon a member’s dissociation:
(1) Subject to Section 101 of this act, the person has no
further rights as a member; and
(2) Subject to Section 101 of this act and Article 16 of the
Uniform Limited Cooperative Association Act of 2009, any financial
rights owned by the person in the person’s capacity as a member
immediately before dissociation are owned by the person as a
transferee.
(b) A person’s dissociation as a member does not of itself
discharge the person from any debt, obligation, or liability to the
limited cooperative association which the person incurred under the
organic rules, by contract, or by other means while a member.
(a) Upon a member’s dissociation:
(1) Subject to Section 101 of this act, the person has no
further rights as a member; and
(2) Subject to Section 101 of this act and Article 16 of the
Uniform Limited Cooperative Association Act of 2009, any financial
rights owned by the person in the person’s capacity as a member
immediately before dissociation are owned by the person as a
transferee.
(b) A person’s dissociation as a member does not of itself
discharge the person from any debt, obligation, or liability to the
limited cooperative association which the person incurred under the
organic rules, by contract, or by other means while a member.
Status: in_force · Read it on the official government site
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