Home Table of Contents

§ 441-1102. Effect of dissociation as member

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 11. Dissociation
18 Okl.St.Ann. § 441-1102
§ 441-1102. Effect of dissociation as member
Currentness
EFFECT OF DISSOCIATION AS MEMBER.
(a) Upon a member's dissociation:
(1) Subject to Section 101 of this act,1 the person has no further rights as a member; and
(2) Subject to Section 101 of this act and Article 16 of the Uniform Limited Cooperative Association Act of 2009,2 any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee.
(b) A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or liability to the limited cooperative association which the person incurred under the organic rules, by contract, or by other means while a member.

Credits

Laws 2009, c. 68, § 100, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-1103.
2
Title 18, § 1601 et seq.
18 Okl. St. Ann. § 441-1102, OK ST T. 18 § 441-1102
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.
End of Document