§ 438.10. Meetings of members
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 438.10
§ 438.10. Meetings of members
C. Except as otherwise provided in this act,1 written or printed notice stating the time and place of each meeting of the members and in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be given to each member, either personally or by mail, not less than ten (10) days nor more than twenty-five (25) days before the date of the meeting. If mailed, such notice shall be deemed to be given when deposited in the United States mail with postage prepaid, addressed to the member at his address as it appears on the records of the cooperative.
D. Unless the bylaws prescribe the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative having not more than five hundred members, shall be ten percent (10%) of all members, present in person, and of a cooperative having more than five hundred members, shall be fifty members or two percent (2%) of all members, whichever is greater, present in person. If less than a quorum is present at any meeting, a majority of those present in person may adjourn the meeting from time to time without further notice.
Credits
Laws 1953, p. 486, § 10, emerg. eff. April 24, 1953; Laws 1991, c. 135, § 6, eff. Sept. 1, 1991.
Footnotes
Title 18, § 438.1 et seq.
18 Okl. St. Ann. § 438.10, OK ST T. 18 § 438.10
Current with emergency effective legislation through Chapter 90 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |