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§ 441-1006. Redemption or repurchase

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. § 441-1006
§ 441-1006. Redemption or repurchase
Currentness
REDEMPTION OR REPURCHASE. Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of Section 96 of this act.1

Credits

Laws 2009, c. 68, § 95, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-821.
18 Okl. St. Ann. § 441-1006, OK ST T. 18 § 441-1006
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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