Okla. Stat. tit. 18, § 18-441-1211
This is the official text of Okla. Stat. tit. 18, § 18-441-1211, 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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Administrative dissolution
Official statutory text
ADMINISTRATIVE DISSOLUTION.
(a) The Secretary of State may dissolve a limited cooperative
association administratively if the association does not:
(1) Pay, not later than sixty (60) days after the due date, any
fee, tax, or penalty due to the Secretary of State under the Uniform
Limited Cooperative Association Act of 2009 or other law; or
Oklahoma Statutes - Title 18. Corporations Page 217
(2) Deliver not later than sixty (60) days after the due date
its annual report to the Secretary of State.
(b) If the Secretary of State determines that a ground exists
for dissolving a limited cooperative association administratively,
the Secretary of State shall file a record of the determination and
serve the association with a copy of the record.
(c) If, not later than sixty (60) days after service of a copy
of the Secretary of State’s determination under subsection (b) of
this section, the association does not correct each ground for
dissolution or demonstrate to the satisfaction of the Secretary of
State that each uncorrected ground determined by the Secretary of
State does not exist, the Secretary of State shall dissolve the
association administratively by preparing and filing a declaration
of dissolution which states the grounds for dissolution. The
Secretary of State shall serve the association with a copy of the
declaration.
(d) A limited cooperative association that has been dissolved
administratively continues its existence only for purposes of
winding up its activities.
(e) The administrative dissolution of a limited cooperative
association does not terminate the authority of its agent for
service of process.
(a) The Secretary of State may dissolve a limited cooperative
association administratively if the association does not:
(1) Pay, not later than sixty (60) days after the due date, any
fee, tax, or penalty due to the Secretary of State under the Uniform
Limited Cooperative Association Act of 2009 or other law; or
Oklahoma Statutes - Title 18. Corporations Page 217
(2) Deliver not later than sixty (60) days after the due date
its annual report to the Secretary of State.
(b) If the Secretary of State determines that a ground exists
for dissolving a limited cooperative association administratively,
the Secretary of State shall file a record of the determination and
serve the association with a copy of the record.
(c) If, not later than sixty (60) days after service of a copy
of the Secretary of State’s determination under subsection (b) of
this section, the association does not correct each ground for
dissolution or demonstrate to the satisfaction of the Secretary of
State that each uncorrected ground determined by the Secretary of
State does not exist, the Secretary of State shall dissolve the
association administratively by preparing and filing a declaration
of dissolution which states the grounds for dissolution. The
Secretary of State shall serve the association with a copy of the
declaration.
(d) A limited cooperative association that has been dissolved
administratively continues its existence only for purposes of
winding up its activities.
(e) The administrative dissolution of a limited cooperative
association does not terminate the authority of its agent for
service of process.
Status: in_force · Read it on the official government site
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