Okla. Stat. tit. 18, § 18-432: Dividends and profits - Reserve fund

The directors, subject to revision by the stockholders, at any

general or special meeting lawfully called, shall apportion the net

earnings and profits thereof from time to time at least once in each

year in the following manner:

(1) Not less than ten percent (10%) thereof accruing since the

last apportionment shall be set aside in a surplus or reserve fund

until such fund shall equal at least fifty percent (50%) of the paid

up capital stock.

(2) Dividends at a rate not to exceed eight percent (8%) per

annum, may, in the discretion of the directors, be declared upon the

paid up capital stock. Five percent (5%) may be set aside for

educational purposes.

(3) The remainder of such net earnings and profits shall be

apportioned and paid to its members ratably upon the amounts of the

products sold to the corporation by its members, and the amounts of

the purchases of members from the corporation: provided, that if the

bylaws of the corporation shall so provide the directors may

apportion such earnings and profits in part to nonmembers upon the

amounts of their purchases and sales from or to the corporation.