Okla. Stat. tit. 18, § 18-441-817
This is the official text of Okla. Stat. tit. 18, § 18-441-817, 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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Committees
Official statutory text
COMMITTEES.
Oklahoma Statutes - Title 18. Corporations Page 202
(a) Unless the organic rules otherwise provide, a board of
directors may create one or more committees and appoint one or more
individuals to serve on a committee.
(b) Unless the organic rules otherwise provide, an individual
appointed to serve on a committee of a limited cooperative
association need not be a director or member.
(c) An individual who is not a director and is serving on a
committee has the same rights, duties, and obligations as a director
serving on the committee.
(d) Unless the organic rules otherwise provide, each committee
of a limited cooperative association may exercise the powers
delegated to it by the board of directors, but a committee may not:
(1) Approve allocations or distributions except according to a
formula or method prescribed by the board of directors;
(2) Approve or propose to members action requiring approval of
members; or
(3) Fill vacancies on the board of directors or any of its
committees.
Oklahoma Statutes - Title 18. Corporations Page 202
(a) Unless the organic rules otherwise provide, a board of
directors may create one or more committees and appoint one or more
individuals to serve on a committee.
(b) Unless the organic rules otherwise provide, an individual
appointed to serve on a committee of a limited cooperative
association need not be a director or member.
(c) An individual who is not a director and is serving on a
committee has the same rights, duties, and obligations as a director
serving on the committee.
(d) Unless the organic rules otherwise provide, each committee
of a limited cooperative association may exercise the powers
delegated to it by the board of directors, but a committee may not:
(1) Approve allocations or distributions except according to a
formula or method prescribed by the board of directors;
(2) Approve or propose to members action requiring approval of
members; or
(3) Fill vacancies on the board of directors or any of its
committees.
Status: in_force · Read it on the official government site
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