Oklahoma § 18-441-1202 Nonjudicial dissolution.

Oklahoma Statutes

§ 18-441-1202 — Nonjudicial dissolution.

Oklahoma § 18-441-1202

Title 18Corporations

This text of Oklahoma § 18-441-1202 (Nonjudicial dissolution.) 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, § 18-441-1202 (2026).

Text

NONJUDICIAL DISSOLUTION. Except as otherwise provided in Sections 104 and 112 of this act, a limited cooperative association is dissolved and its activities must be wound up:

(1)Upon the occurrence of an event or at a time specified in the articles of organization;

(2)Upon the action of the association’s organizers, board of directors, or members under Section 105 or 106 of this act; or (3) Ninety (90) days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(A)has a sole member that is a cooperative; or (B) not later than the end of the ninety-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.

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NONJUDICIAL DISSOLUTION. Except as otherwise provided in Sections 104 and 112 of this act, a limited cooperative association is dissolved and its activities must be wound up: (1) Upon the occurrence of an event or at a time specified in the articles of organization; (2) Upon the action of the association’s organizers, board of directors, or members under Section 105 or 106 of this act; or (3) Ninety (90) days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association: (A) has a sole member that is a cooperative; or (B) not later than the end of the ninety-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.