Oklahoma § 18-441-401 Authority to amend organic rules.

Oklahoma Statutes

§ 18-441-401 — Authority to amend organic rules.

Oklahoma·Title 18 Corporations

AUTHORITY TO AMEND ORGANIC RULES.

(a)A limited cooperative association may amend its organic rules under this article for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under Section 32 of this act.

(b)Unless the organic rules otherwise provide, a member does not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

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AUTHORITY TO AMEND ORGANIC RULES. (a) A limited cooperative association may amend its organic rules under this article for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under Section 32 of this act. (b) Unless the organic rules otherwise provide, a member does not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

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