Oklahoma Statutes (Last Updated: September 18, 2014)

§ 18-441-1005. Distributions.

Latest version.

DISTRIBUTIONS.
(a) Unless the organic rules otherwise provide and subject to Section 96 of this act, the board of directors may authorize, and the limited cooperative association may make, distributions to members.
(b) Unless the organic rules otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association’s own or other securities.

Added by Laws 2009, c. 68, § 94, eff. Jan. 1, 2010.

                    
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