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§ 441-809. Vacancy on board

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. § 441-809
§ 441-809. Vacancy on board
Currentness
VACANCY ON BOARD.
(a) Unless the organic rules otherwise provide, a vacancy on the board of directors must be filled:
(1) Within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and
(2) For the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.
(b) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district:
(1) The new director must be of that class or district; and
(2) The selection of the director for the unexpired term must be conducted in the same manner as would the selection for that position without a vacancy.
(c) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.

Credits

Laws 2009, c. 68, § 74, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-809, OK ST T. 18 § 441-809
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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