Okla. Stat. tit. 18, § 18-441-303
This is the official text of Okla. Stat. tit. 18, § 18-441-303, 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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Organization of limited cooperative association
Official statutory text
ORGANIZATION OF LIMITED COOPERATIVE ASSOCIATION.
(a) After a limited cooperative association is formed:
(1) If initial directors are named in the articles of
organization, the initial directors shall hold an organizational
meeting to adopt initial bylaws and carry on any other business
necessary or proper to complete the organization of the association;
or
(2) If initial directors are not named in the articles of
organization, the organizers shall designate the initial directors
and call a meeting of the initial directors to adopt initial bylaws
and carry on any other business necessary or proper to complete the
organization of the association.
(b) Unless the articles of organization otherwise provide, the
initial directors may cause the limited cooperative association to
accept members, including those necessary for the association to
begin business.
(c) Initial directors need not be members.
Oklahoma Statutes - Title 18. Corporations Page 181
(d) An initial director serves until a successor is elected and
qualified at a members’ meeting or the director is removed, resigns,
is adjudged incompetent, or dies.
(a) After a limited cooperative association is formed:
(1) If initial directors are named in the articles of
organization, the initial directors shall hold an organizational
meeting to adopt initial bylaws and carry on any other business
necessary or proper to complete the organization of the association;
or
(2) If initial directors are not named in the articles of
organization, the organizers shall designate the initial directors
and call a meeting of the initial directors to adopt initial bylaws
and carry on any other business necessary or proper to complete the
organization of the association.
(b) Unless the articles of organization otherwise provide, the
initial directors may cause the limited cooperative association to
accept members, including those necessary for the association to
begin business.
(c) Initial directors need not be members.
Oklahoma Statutes - Title 18. Corporations Page 181
(d) An initial director serves until a successor is elected and
qualified at a members’ meeting or the director is removed, resigns,
is adjudged incompetent, or dies.
Status: in_force · Read it on the official government site
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