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§ 441-1005. Distributions

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 10. Contributions, Allocations and Distributions
18 Okl.St.Ann. § 441-1005
§ 441-1005. Distributions
DISTRIBUTIONS.
(a) Unless the organic rules otherwise provide and subject to Section 96 of this act,1 the board of directors may authorize, and the limited cooperative association may make, distributions to members.
(b) Unless the organic rules otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association's own or other securities.

Credits

Laws 2009, c. 68, § 94, eff. Jan. 1, 2010.

Footnotes

Title 18, § 441-821.
18 Okl. St. Ann. § 441-1005, OK ST T. 18 § 441-1005
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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