Home Table of Contents

§ 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 legislation of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document