Okla. Stat. tit. 18, § 18-441-104: Nature of limited cooperative association

NATURE OF LIMITED COOPERATIVE ASSOCIATION.

(a) A limited cooperative association organized under the

Uniform Limited Cooperative Association Act of 2009 is an

autonomous, unincorporated association of persons united to meet

their mutual interests through a jointly owned enterprise primarily

controlled by those persons, which permits combining:

(1) Ownership, financing, and receipt of benefits by the

members for whose interests the association is formed; and

(2) Separate investments in the association by members who may

receive returns on their investments and a share of control.

(b) The fact that a limited cooperative association does not

have one or more of the characteristics described in subsection (a)

of this section does not alone prevent the association from being

formed under and governed by the Uniform Limited Cooperative

Association Act of 2009 nor does it alone provide a basis for an

action against the association.