Okla. Stat. tit. 2, § 2-17-10

may be regulated.

A. Each association incorporated pursuant to the Cooperative

Marketing Association Act shall adopt bylaws consistent with the

Cooperative Marketing Association Act within thirty (30) days after

its incorporation. A majority of the members voting on the bylaws

is necessary to adopt the bylaws. Each shareholder or member shall

be entitled to one vote, and no more, irrespective of the number of

shares owned or patronage.

B. The bylaws shall provide for their amendment by the members

and the method by which amendments may be adopted. The bylaws may

include, but are not limited to:

1. The time, place, and manner of calling and conducting its

meetings, which meetings, and the meetings of its directors, may be

held either in or outside the state;

2. The number of members constituting a quorum;

3. The right of members to vote in person, by proxy, or by mail

at general or special meetings; and the conditions, manner, form,

and effects of these votes;

4. The number of directors constituting a quorum;

5. The number, qualifications, compensation, duties, and term

of office of directors and officers; the time of their election and

the mode and manner of giving notice thereof;

6. Penalties for violations of bylaws;

7. The amount of entrance, organization, and membership fees,

if any; the manner and method of collection of the fees, and the

purposes for which the fees may be used;

8. The amount which each member shall be required to pay

annually or from time to time, if at all, to carry on the business

of the association; the charge, if any, to be paid by each member

for services rendered by the association to such member and the time

of payment and the manner of collection; and marketing contract

between the association and its members which every member may be

required to sign; and

Oklahoma Statutes - Title 2. Agriculture Page 625

9. The number, qualification, and voting rights of members of

the association and the conditions precedent to membership; the

method, time, and manner of permitting members to withdraw or to

transfer their stock; the manner of assignment and transfer of the

interest of members; the mode, manner, and effect of the expulsion

of a member; the manner of determining the value of a member's

interest and provision for its purchase by the association upon the

death or withdrawal of a member or upon the expulsion of a member or

forfeiture of membership.