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§ 441-822. Appointment and authority of offices

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. § 441-822
§ 441-822. Appointment and authority of offices
Currentness
APPOINTMENT AND AUTHORITY OF OFFICERS.
(a) A limited cooperative association has the officers:
(1) Provided in the organic rules; or
(2) Established by the board of directors in a manner not inconsistent with the organic rules.
(b) The organic rules may designate or, if the rules do not designate, the board of directors shall designate, one of the association's officers for preparing all records required by Section 14 of this act1 and for the authentication of records.
(c) Unless the organic rules otherwise provide, the board of directors shall appoint the officers of the limited cooperative association.
(d) Officers of a limited cooperative association shall perform the duties the organic rules prescribe or as authorized by the board of directors not in a manner inconsistent with the organic rules.
(e) The election or appointment of an officer of a limited cooperative association does not of itself create a contract between the association and the officer.
(f) Unless the organic rules otherwise provide, an individual may simultaneously hold more than one office in a limited cooperative association.

Credits

Laws 2009, c. 68, § 87, eff. Jan. 1, 2010.

Footnotes

1
Title 18, § 441-114.
18 Okl. St. Ann. § 441-822, OK ST T. 18 § 441-822
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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