Home Table of Contents

§ 441-514. Voting requirements for members

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 5. Members
18 Okl.St.Ann. § 441-514
§ 441-514. Voting requirements for members
Currentness
VOTING REQUIREMENTS FOR MEMBERS. If a limited cooperative association has both patron and investor members, the following rules apply:
(1) The total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote.
(2) Action on any matter is approved only upon the affirmative vote of at least a majority of:
(A) all members voting at the meeting unless more than a majority is required by Articles 4,1 12,2 153 through 164 of the Uniform Limited Cooperative Association Act of 2009 or the organic rules; and
(B) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.
(3) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.

Credits

Laws 2009, c. 68, § 53, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-401 et seq.
2
Title 18, § 441-1201 et seq.
3
Title 18, § 441-1501 et seq.
4
Title 18, § 441-1601 et seq.
18 Okl. St. Ann. § 441-514, OK ST T. 18 § 441-514
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