Okla. Stat. tit. 18, § 18-441-1003: Contribution agreements

CONTRIBUTION AGREEMENTS.

(a) Except as otherwise provided in the agreement, the

following rules apply to an agreement made by a person before

formation of a limited cooperative association to make a

contribution to the association:

(1) The agreement is irrevocable for six (6) months after the

agreement is signed by the person unless all parties to the

agreement consent to the revocation.

(2) If a person does not make a required contribution:

(A) the person is obligated, at the option of the

association, once formed, to contribute money equal to

the value of that part of the contribution that has

not been made, and the obligation may be enforced as a

debt to the association; or

(B) the association, once formed, may rescind the

agreement if the debt remains unpaid more than twenty

(20) days after the association demands payment from

the person, and upon rescission the person has no

further rights or obligations with respect to the

association.

(b) Unless the organic rules or an agreement to make a

contribution to a limited cooperative association otherwise

provides, if a person does not make a required contribution to an

association, the person or the person’s estate is obligated, at the

option of the association, to contribute money equal to the value of

the part of the contribution which has not been made.