Okla. Stat. tit. 18, § 18-441-1006: Redemption or repurchase

REDEMPTION OR REPURCHASE. Property distributed to a member by a

limited cooperative association, other than money, may be redeemed

or repurchased as provided in the organic rules but a redemption or

repurchase may not be made without authorization by the board of

directors. The board may withhold authorization for any reason in

its sole discretion. A redemption or repurchase is treated as a

distribution for purposes of Section 96 of this act.