Okla. Stat. tit. 18, § 18-438.7: Articles of incorporation

Articles of incorporation of a cooperative shall recite that

they are executed pursuant to this act and shall state: (1) the name

of the cooperative; (2) the address of its principal office; (3) the

names and addresses of the incorporators; (4) the names and

addresses of its trustees; (5) the purpose for which the cooperative

is formed; and (6) the period of its existence and may contain any

provisions not inconsistent with this act deemed necessary or

advisable for the conduct of its business, including provisions for

the issuance of nonvoting shares of stock as hereinafter provided.

Such articles shall be signed by each incorporator and acknowledged

by at least two of the incorporators, or on their behalf, if they

are cooperatives. If a cooperative desires to issue nonvoting

shares of stock, its articles of incorporation shall state: (1) the

total number of such shares of stock which may be issued and the par

value of each share; (2) the fixed or maximum rate of dividends on

the par value of such shares of stock, in either case not exceeding

four percent (4%) per annum, and whether dividends shall be

cumulative or noncumulative; (3) whether such shares of stock may be

issued to members only or to members and nonmembers; (4) the maximum

number of such shares of stock which may be owned by any person; and

(5) the terms and conditions on which such shares of stock may be

transferred, redeemed and retired.