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§ 441-602. Patron and investor members' interests

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 6. Member's Interest in Limited Cooperative Association
18 Okl.St.Ann. § 441-602
§ 441-602. Patron and investor members' interests
Currentness
PATRON AND INVESTOR MEMBERS' INTERESTS.
(a) Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.
(b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:
(1) If admitted as a patron member, remains a patron member;
(2) If admitted as an investor member, remains an investor member; and
(3) If admitted as a patron member and investor member remains a patron and investor member if not dissociated in one of the capacities.

Credits

Laws 2009, c. 68, § 58, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-602, OK ST T. 18 § 441-602
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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