Oklahoma Statutes (Last Updated: September 18, 2014)

§ 18-441-820. Other considerations of directors.

Latest version.

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.

Added by Laws 2009, c. 68, § 85, eff. Jan. 1, 2010.

                    
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