Oklahoma § 18-441-105 Purpose and duration of limited cooperative

Oklahoma Statutes

§ 18-441-105 — Purpose and duration of limited cooperative

Oklahoma § 18-441-105

Title 18Corporations

This text of Oklahoma § 18-441-105 (Purpose and duration of limited cooperative) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 18, § 18-441-105 (2026).

Text

association. PURPOSE AND DURATION OF LIMITED COOPERATIVE ASSOCIATION.

(a)A limited cooperative association is an entity distinct from its members.

(b)A limited cooperative association may be organized for any lawful purpose, whether or not for profit except for supplying electric energy or natural gas in rural areas. A cooperative organized for the purpose of supplying electric energy and promoting and extending the use thereof in rural areas must be organized under the Rural Electric Cooperative Act.

(c)Unless the articles of organization state a term for a limited cooperative association’s existence, the association has perpetual duration.

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association. PURPOSE AND DURATION OF LIMITED COOPERATIVE ASSOCIATION. (a) A limited cooperative association is an entity distinct from its members. (b) A limited cooperative association may be organized for any lawful purpose, whether or not for profit except for supplying electric energy or natural gas in rural areas. A cooperative organized for the purpose of supplying electric energy and promoting and extending the use thereof in rural areas must be organized under the Rural Electric Cooperative Act. (c) Unless the articles of organization state a term for a limited cooperative association’s existence, the association has perpetual duration.