Okla. Stat. tit. 2, § 2-5-60.25
This is the official text of Okla. Stat. tit. 2, § 2-5-60.25, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Officers of board - Bond
Official statutory text
A. The commodity producers board shall elect from its members a
chair, a secretary-treasurer, and other officers that it considers
necessary.
B. The secretary-treasurer shall execute a corporate surety
bond in an amount required by the board. The bond shall be
conditioned on the secretary-treasurer faithfully accounting for all
money that comes into the custody of the officer. The bond shall be
filed with the Commissioner.
C. The board shall fill any vacancy on the board by appointment
for the unexpired term.
D. A majority vote of all members present is necessary for an
action of the board to be valid.
E. Members of the board serve without compensation but are
entitled to reimbursement from their commission for reasonable and
necessary expenses incurred in the discharge of their duties.
chair, a secretary-treasurer, and other officers that it considers
necessary.
B. The secretary-treasurer shall execute a corporate surety
bond in an amount required by the board. The bond shall be
conditioned on the secretary-treasurer faithfully accounting for all
money that comes into the custody of the officer. The bond shall be
filed with the Commissioner.
C. The board shall fill any vacancy on the board by appointment
for the unexpired term.
D. A majority vote of all members present is necessary for an
action of the board to be valid.
E. Members of the board serve without compensation but are
entitled to reimbursement from their commission for reasonable and
necessary expenses incurred in the discharge of their duties.
Status: in_force · Read it on the official government site
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