§ 441-102. Definitions
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 441-102
§ 441-102. Definitions
DEFINITIONS. In the Uniform Limited Cooperative Association Act of 2009:
(1) “Articles of organization” means the articles of organization of a limited cooperative association required by Section 30 of this act.1 The term includes the articles as amended or restated.
(5) “Contribution”, except as used in subsection (c) of Section 97 of this act,2 means a benefit that a person provides to a limited cooperative association to become or remain a member or in the person's capacity as a member.
(7) “Designated office” means the office that a limited cooperative association or a foreign cooperative is required to designate and maintain under paragraph (1) of subsection (a) of Section 17 of this act.3
(9) “Distribution”, except as used in subsection (e) of Section 96 of this act,4 means a transfer of money or other property from a limited cooperative association to a member because of the member's financial rights or to a transferee of a member's financial rights.
(11) “Financial rights” means the right to participate in allocations and distributions as provided in Articles 10 and 12 of the Uniform Limited Cooperative Association Act of 20095 but does not include rights or obligations under a marketing contract governed by Article 7 of the Uniform Limited Cooperative Association Act of 2009.6
(17) “Member's interest” means the interest of a patron member or investor member under Section 57 of this act.7
(24) “Person” means an individual, corporation, business trust, cooperative, estate, trust, partnership, limited partnership, limited liability company, limited cooperative association, joint venture, association, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
(27) “Required information” means the information a limited cooperative association is required to maintain under Section 14 of this act.8
Credits
Laws 2009, c. 68, § 2, eff. Jan. 1, 2010.
Footnotes
Title 18, § 441-301.
Title 18, § 441-1008.
Title 18, § 441-117.
Title 18, § 441-1007.
Title 18, § 441-1001 et seq. and Title 18, § 441-1201 et seq.
Title 18, § 441-701 et seq.
Title 18, § 441-601.
Title 18, § 441-114.
18 Okl. St. Ann. § 441-102, OK ST T. 18 § 441-102
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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