Okla. Stat. tit. 18, § 18-441-514
This is the official text of Okla. Stat. tit. 18, § 18-441-514, 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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Voting requirements for members
Official statutory text
VOTING REQUIREMENTS FOR MEMBERS. If a limited cooperative
association has both patron and investor members, the following
rules apply:
(1) The total voting power of all patron members may not be
less than a majority of the entire voting power entitled to vote.
Oklahoma Statutes - Title 18. Corporations Page 191
(2) Action on any matter is approved only upon the affirmative
vote of at least a majority of:
(A) all members voting at the meeting unless more than a
majority is required by Articles 4, 12, 15 through 16
of the Uniform Limited Cooperative Association Act of
2009 or the organic rules; and
(B) votes cast by patron members unless the organic rules
require a larger affirmative vote by patron members.
(3) The organic rules may provide for the percentage of the
affirmative votes that must be cast by investor members to approve
the matter.
association has both patron and investor members, the following
rules apply:
(1) The total voting power of all patron members may not be
less than a majority of the entire voting power entitled to vote.
Oklahoma Statutes - Title 18. Corporations Page 191
(2) Action on any matter is approved only upon the affirmative
vote of at least a majority of:
(A) all members voting at the meeting unless more than a
majority is required by Articles 4, 12, 15 through 16
of the Uniform Limited Cooperative Association Act of
2009 or the organic rules; and
(B) votes cast by patron members unless the organic rules
require a larger affirmative vote by patron members.
(3) The organic rules may provide for the percentage of the
affirmative votes that must be cast by investor members to approve
the matter.
Status: in_force · Read it on the official government site
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