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§ 441-801. Board of directors

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 8. Directors and Officers
18 Okl.St.Ann. § 441-801
§ 441-801. Board of directors
Currentness
BOARD OF DIRECTORS.
(a) A limited cooperative association must have a board of directors of at least three individuals, unless the association has fewer than three members. If the association has fewer than three members, the number of directors may not be fewer than the number of members.
(b) The affairs of a limited cooperative association must be managed by, or under the direction of, the board of directors. The board may adopt policies and procedures that do not conflict with the organic rules or the Uniform Limited Cooperative Association Act of 2009.
(c) An individual is not an agent for a limited cooperative association solely by being a director.

Credits

Laws 2009, c. 68, § 66, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-801, OK ST T. 18 § 441-801
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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