§ 441-1004. Allocations of profits and losses
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 441-1004
§ 441-1004. Allocations of profits and losses
ALLOCATIONS OF PROFITS AND LOSSES.
(a) The organic rules may provide for allocating profits of a limited cooperative association among members, among persons that are not members but conduct business with the association, to an unallocated account, or to any combination thereof. Unless the organic rules otherwise provide, losses of the association must be allocated in the same proportion as profits.
(f) For purposes of allocation of profits and losses or specific items of profits or losses of a limited cooperative association to members, the organic rules may establish allocation units or methods based on separate classes of members or, for patron members, on class, function, division, district, department, allocation units, pooling arrangements, members' contributions, or other equitable methods.
Credits
Laws 2009, c. 68, § 93, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-1004, OK ST T. 18 § 441-1004
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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