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§ 441-401. Authority to amend organic rules

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10A. Uniform Limited Cooperative Association Act (Refs & Annos)
Article 4. Amendment to Organic Rules of Limited Cooperative Association
18 Okl.St.Ann. § 441-401
§ 441-401. Authority to amend organic rules
Currentness
AUTHORITY TO AMEND ORGANIC RULES.
(a) A limited cooperative association may amend its organic rules under this article for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under Section 32 of this act.1
(b) Unless the organic rules otherwise provide, a member does not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

Credits

Laws 2009, c. 68, § 33, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-304.
18 Okl. St. Ann. § 441-401, OK ST T. 18 § 441-401
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