Home Table of Contents

§ 441-805. Term of director

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. § 441-805
§ 441-805. Term of director
Currentness
TERM OF DIRECTOR.
(a) Unless the organic rules otherwise provide, and subject to subsections (c) and (d) of this section and subsection (c) of Section 31 of this act,1 the term of a director expires at the annual members meeting following the director's election or appointment. The term of a director may not exceed three (3) years.
(b) Unless the organic rules otherwise provide, a director may be reelected.
(c) Except as otherwise provided in subsection (d) of this section, a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies.
(d) Unless the organic rules otherwise provide, a director does not serve the remainder of the director's term if the director ceases to qualify to be a director.

Credits

Laws 2009, c. 68, § 70, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-303.
18 Okl. St. Ann. § 441-805, OK ST T. 18 § 441-805
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.
End of Document