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§ 441-702. Marketing contracts

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 7. Marketing Contracts
18 Okl.St.Ann. § 441-702
§ 441-702. Marketing contracts
Currentness
MARKETING CONTRACTS.
(a) If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.
(b) A marketing contract may:
(1) Authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and
(2) Allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(c) Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic rules.

Credits

Laws 2009, c. 68, § 63, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-702, OK ST T. 18 § 441-702
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