Okla. Stat. tit. 18, § 18-441-505
This is the official text of Okla. Stat. tit. 18, § 18-441-505, 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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Right of member and former member to information
Official statutory text
RIGHT OF MEMBER AND FORMER MEMBER TO INFORMATION.
(a) Not later than ten (10) business days after receipt of a
demand made in a record, a limited cooperative association shall
permit a member to obtain, inspect, and copy in the association’s
principal office required information listed in paragraphs (1)
through (8) of subsection (a) of Section 14 of this act during
regular business hours. A member need not have any particular
purpose for seeking the information. The association is not
required to provide the same information listed in paragraphs (2)
through (8) of subsection (a) of Section 14 of this act to the same
member more than once during a six-month period.
(b) On demand made in a record received by the limited
cooperative association, a member may obtain, inspect, and copy in
the association’s principal office required information listed in
paragraphs (9), (10), (12), (13), (16) and (18) of subsection (a) of
Section 14 of this act during regular business hours, if:
(1) The member seeks the information in good faith and for a
proper purpose reasonably related to the member’s interest;
Oklahoma Statutes - Title 18. Corporations Page 187
(2) The demand includes a description with reasonable
particularity of the information sought and the purpose for seeking
the information;
(3) The information sought is directly connected to the
member’s purpose; and
(4) The demand is reasonable.
(c) Not later than ten (10) business days after receipt of a
demand pursuant to subsection (b) of this section, a limited
cooperative association shall provide, in a record, the following
information to the member that made the demand:
(1) If the association agrees to provide the demanded
information:
(A) what information the association will provide in
response to the demand; and
(B) a reasonable time and place at which the association
will provide the information; or
(2) If the association declines to provide some or all of the
demanded information, the association’s reasons for declining.
(d) A person dissociated as a member may obtain, inspect, and
copy information available to a member under subsection (a) or (b)
of this section by delivering a demand in a record to the limited
cooperative association in the same manner and subject to the same
conditions applicable to a member under subsection (b) of this
section if:
(1) The information pertains to the period during which the
person was a member in the association; and
(2) The person seeks the information in good faith.
(e) A limited cooperative association shall respond to a demand
made pursuant to subsection (d) of this section in the manner
provided in subsection (c) of this section.
(f) Not later than ten (10) business days after receipt by a
limited cooperative association of a demand made by a member in a
record, but not more often than once in a six-month period, the
association shall deliver to the member a record stating the
information with respect to the member required by paragraph (17) of
subsection (a) of Section 14 of this act.
(g) A limited cooperative association may impose reasonable
restrictions, including nondisclosure restrictions, on the use of
information obtained under this section. In a dispute concerning
the reasonableness of a restriction under this subsection, the
association has the burden of proving reasonableness.
(h) A limited cooperative association may charge a person that
makes a demand under this section reasonable costs of copying,
limited to the costs of labor and material.
(i) A person that may obtain information under this section may
obtain the information through an attorney or other agent. A
restriction imposed on the person under subsection (g) of this
Oklahoma Statutes - Title 18. Corporations Page 188
section or by the organic rules applies to the attorney or other
agent.
(j) The rights stated in this section do not extend to a person
as transferee.
.
(i) A person that may obtain information under this section may
obtain the information through an attorney or other agent. A
restriction imposed on the person under subsection (g) of this
Oklahoma Statutes - Title 18. Corporations Page 188
section or by the organic rules applies to the attorney or other
agent.
(j) The rights stated in this section do not extend to a person
as transferee.
(k) The organic rules may require a limited cooperative
association to provide more information than required by this
section and may establish conditions and procedures for providing
the information.
(a) Not later than ten (10) business days after receipt of a
demand made in a record, a limited cooperative association shall
permit a member to obtain, inspect, and copy in the association’s
principal office required information listed in paragraphs (1)
through (8) of subsection (a) of Section 14 of this act during
regular business hours. A member need not have any particular
purpose for seeking the information. The association is not
required to provide the same information listed in paragraphs (2)
through (8) of subsection (a) of Section 14 of this act to the same
member more than once during a six-month period.
(b) On demand made in a record received by the limited
cooperative association, a member may obtain, inspect, and copy in
the association’s principal office required information listed in
paragraphs (9), (10), (12), (13), (16) and (18) of subsection (a) of
Section 14 of this act during regular business hours, if:
(1) The member seeks the information in good faith and for a
proper purpose reasonably related to the member’s interest;
Oklahoma Statutes - Title 18. Corporations Page 187
(2) The demand includes a description with reasonable
particularity of the information sought and the purpose for seeking
the information;
(3) The information sought is directly connected to the
member’s purpose; and
(4) The demand is reasonable.
(c) Not later than ten (10) business days after receipt of a
demand pursuant to subsection (b) of this section, a limited
cooperative association shall provide, in a record, the following
information to the member that made the demand:
(1) If the association agrees to provide the demanded
information:
(A) what information the association will provide in
response to the demand; and
(B) a reasonable time and place at which the association
will provide the information; or
(2) If the association declines to provide some or all of the
demanded information, the association’s reasons for declining.
(d) A person dissociated as a member may obtain, inspect, and
copy information available to a member under subsection (a) or (b)
of this section by delivering a demand in a record to the limited
cooperative association in the same manner and subject to the same
conditions applicable to a member under subsection (b) of this
section if:
(1) The information pertains to the period during which the
person was a member in the association; and
(2) The person seeks the information in good faith.
(e) A limited cooperative association shall respond to a demand
made pursuant to subsection (d) of this section in the manner
provided in subsection (c) of this section.
(f) Not later than ten (10) business days after receipt by a
limited cooperative association of a demand made by a member in a
record, but not more often than once in a six-month period, the
association shall deliver to the member a record stating the
information with respect to the member required by paragraph (17) of
subsection (a) of Section 14 of this act.
(g) A limited cooperative association may impose reasonable
restrictions, including nondisclosure restrictions, on the use of
information obtained under this section. In a dispute concerning
the reasonableness of a restriction under this subsection, the
association has the burden of proving reasonableness.
(h) A limited cooperative association may charge a person that
makes a demand under this section reasonable costs of copying,
limited to the costs of labor and material.
(i) A person that may obtain information under this section may
obtain the information through an attorney or other agent. A
restriction imposed on the person under subsection (g) of this
Oklahoma Statutes - Title 18. Corporations Page 188
section or by the organic rules applies to the attorney or other
agent.
(j) The rights stated in this section do not extend to a person
as transferee.
.
(i) A person that may obtain information under this section may
obtain the information through an attorney or other agent. A
restriction imposed on the person under subsection (g) of this
Oklahoma Statutes - Title 18. Corporations Page 188
section or by the organic rules applies to the attorney or other
agent.
(j) The rights stated in this section do not extend to a person
as transferee.
(k) The organic rules may require a limited cooperative
association to provide more information than required by this
section and may establish conditions and procedures for providing
the information.
Status: in_force · Read it on the official government site
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