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§ 441-820. Other considerations of directors

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. § 441-820
§ 441-820. Other considerations of directors
Currentness
OTHER CONSIDERATIONS OF DIRECTORS. Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its patron members, may consider:
(1) The interest of employees, customers, and suppliers of the association;
(2) The interest of the community in which the association operates; and
(3) Other cooperative principles and values that may be applied in the context of the decision.

Credits

Laws 2009, c. 68, § 85, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-820, OK ST T. 18 § 441-820
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.
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