Oklahoma § 18-441-602 Patron and investor members’ interests.

Oklahoma Statutes

§ 18-441-602 — Patron and investor members’ interests.

Oklahoma·Title 18 Corporations

PATRON AND INVESTOR MEMBERS’ INTERESTS.

(a)Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest.

(b)Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:

(1)If admitted as a patron member, remains a patron member;

(2)If admitted as an investor member, remains an investor member; and (3) If admitted as a patron member and investor member remains a patron and investor member if not dissociated in one of the capacities.

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PATRON AND INVESTOR MEMBERS’ INTERESTS. (a) Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest. (b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person: (1) If admitted as a patron member, remains a patron member; (2) If admitted as an investor member, remains an investor member; and (3) If admitted as a patron member and investor member remains a patron and investor member if not dissociated in one of the capacities.

Oklahoma § 18-441-602 (Patron and investor members’ interests.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.