Oklahoma Statutes
§ 18-441-1006 — Redemption or repurchase.
Oklahoma·Title 18 Corporations
REDEMPTION OR REPURCHASE. Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of Section 96 of this act.
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Oklahoma § 18-441-1006 (Redemption or repurchase.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Laws 2009, c. 68, § 95, eff. Jan. 1, 2010.
Nearby Sections
15
§ 18-1001
Short title.§ 18-1002
Scope of Act.§ 18-1004.1
Application of act to nonstock corporations.§ 18-1006
See the following versions:§ 18-1006v1
Certificate of incorporation - contents.§ 18-1006v2
Certificate of incorporation - contents.§ 18-1010
Commencement of Corporate Existence.§ 18-1011
Powers of Incorporators.