Okla. Stat. tit. 18, § 18-441-1210

This is the official text of Okla. Stat. tit. 18, § 18-441-1210, 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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Court proceeding

Official statutory text

COURT PROCEEDING.

(a) Upon application by a dissolved limited cooperative

association that has published a notice under Section 110 of this

act, the district court in the county where the association’s

principal office is located or, if the association does not have a

principal office in this state, where its designated office in this

state is located, may determine the amount and form of security to

be provided for payment of claims against the association that are

contingent, have not been made known to the association, or are

based on an event occurring after the effective date of dissolution

but that, based on the facts known to the association, are

reasonably anticipated to arise after the effective date of

dissolution.

(b) Not later than ten (10) days after filing an application

under subsection (a) of this section, a dissolved limited

cooperative association shall give notice of the proceeding to each

known claimant holding a contingent claim.

(c) The court may appoint a representative in a proceeding

brought under this section to represent all claimants whose

identities are unknown. The dissolved limited cooperative

association shall pay reasonable fees and expenses of the

representative, including all reasonable attorney and expert witness

fees.

(d) Provision by the dissolved limited cooperative association

for security in the amount and the form ordered by the court

satisfies the association’s obligations with respect to claims that

are contingent, have not been made known to the association, or are

based on an event occurring after the effective date of dissolution,

and the claims may not be enforced against a member that received a

distribution.

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.