Okla. Stat. tit. 36, § 36-2402

Articles of association.

Any number of persons, being citizens of the United States, not

less than seven, five of whom shall also be citizens and residents

of the state of Oklahoma, desiring to form a mutual benefit

association, may associate themselves together and effect such

organization in the manner provided in this section and as otherwise

provided in this article for reorganization of associations now

doing business in this state, and not otherwise. Articles of

association shall be prepared in triplicate in the manner

hereinafter provided, and submitted to the Insurance Commissioner

for approval. If the name selected for an association is not the

same or so near the same as that of another association or

corporation doing business in this state as to cause confusion in

the minds of the people, and the objects of the association conform

to the provisions of this article, the Insurance Commissioner shall

endorse on the back of each copy of said articles of association the

fact that the Commissioner has approved the same. Before the

Insurance Commissioner shall approve such articles of association,

it shall be shown to the Commissioner by the sworn statement of one

or more of the proposed incorporators that at least one thousand

persons have signed, in good faith, applications for benefit

membership in such proposed association, and paid to the proper one

of such proposed incorporators the amount of one death or mortuary

collection, by whatever name it may be called, and that such money

is deposited with some bank or trust company and is held for the

special purpose named. For such examination and approval of the

articles of association herein mentioned, the Insurance Commissioner

shall charge and receive a fee as stated in Section 321, Article 3

of this title. Provided, however, that before such incorporators,

or any of them, or any person or persons, shall solicit members or

collect any money whatever from any applicant in an association

formed, or to be formed, under this article, they shall first

furnish to the Insurance Commissioner a surety bond running to the

State of Oklahoma, to be approved by the Commissioner, in the sum of

Oklahoma Statutes - Title 36. Insurance Page 662

Five Thousand Dollars ($5,000.00) Dollars, conditioned that all sums

collected, or to be collected, from applicants for benefit

membership in such association will be promptly returned to

respective applicants in case the articles of incorporation are not

approved or no certificate of incorporation is granted within one

(1) year from the date of the filing of such bond, or in case the

association fails to accept said charter and in good faith conduct

the business of a mutual benefit association authorized thereby.

Upon the filing of said bond, the Insurance Commissioner shall issue

a certificate to that effect, showing that the person or persons

named therein are authorized to solicit members in such proposed

association and to collect dues and assessments in advance. When

the foregoing conditions are complied with and the articles of

association are approved by the Insurance Commissioner, as

hereinbefore provided, one copy thereof shall be filed with the

Secretary of State, whereupon the said Secretary shall issue a

certificate of incorporation and affix the Seal of the State

thereto, and one copy, approved as hereinbefore provided, shall be

delivered to the incorporators of such association, and the third

approved copy of such articles shall be filed with the Insurance

Commissioner. Such articles of association shall be substantially

in the following form:

First. The preamble shall name the incorporators and give the

residence of each and the fact of their citizenship, as herein

required, and express their desire to incorporate a mutual benefit

association in accordance with and under the provisions of this

article, making definite reference to the same.
Commissioner. Such articles of association shall be substantially

in the following form:

First. The preamble shall name the incorporators and give the

residence of each and the fact of their citizenship, as herein

required, and express their desire to incorporate a mutual benefit

association in accordance with and under the provisions of this

article, making definite reference to the same.

Second. Article I shall give the name of the association.

Third. Article II shall state the location of the principal

office of the association.

Fourth. Article III shall state the objects of the association

and the plans by which these objects are to be carried out,

including the extreme limit of age of persons to whom benefit

certificates may be issued, which limit of age shall not exceed

seventy-two (72) years.

Fifth. Article IV shall state the names of the persons selected

to manage the business or prudential affairs of the association for

the first term, for which such persons are to be elected, the title

of all officers and the names of such officers, with their

residence, if they have been selected.

Sixth. Article V shall contain a description of the corporate

seal adopted by such association, together with an impress of the

same.

The articles of association shall be signed and acknowledged by

each of the incorporators.