Okla. Stat. tit. 18, § 18-441-105: Purpose and duration of limited cooperative

association.

PURPOSE AND DURATION OF LIMITED COOPERATIVE ASSOCIATION.

(a) A limited cooperative association is an entity distinct

from its members.

(b) A limited cooperative association may be organized for any

lawful purpose, whether or not for profit except for supplying

electric energy or natural gas in rural areas. A cooperative

organized for the purpose of supplying electric energy and promoting

and extending the use thereof in rural areas must be organized under

the Rural Electric Cooperative Act.

(c) Unless the articles of organization state a term for a

limited cooperative association’s existence, the association has

perpetual duration.