Oklahoma Statutes (Last Updated: September 18, 2014)

§ 18-441-602. Patron and investor members’ interests.

Latest version.

PATRON AND INVESTOR MEMBERS’ INTERESTS.
(a) Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest.
(b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:
(1) If admitted as a patron member, remains a patron member;
(2) If admitted as an investor member, remains an investor member; and
(3) If admitted as a patron member and investor member remains a patron and investor member if not dissociated in one of the capacities.

Added by Laws 2009, c. 68, § 58, eff. Jan. 1, 2010.

                    
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