Okla. Stat. tit. 18, § 18-441-1207: Distribution of assets in winding up limited

cooperative association.

DISTRIBUTION OF ASSETS IN WINDING UP LIMITED COOPERATIVE

ASSOCIATION.

(a) In winding up a limited cooperative association’s business,

the association shall apply its assets to discharge its obligations

to creditors, including members that are creditors. The association

shall apply any remaining assets to pay in money the net amount

distributable to members in accordance with their right to

distributions under subsection (b) of this section.

(b) Unless the organic rules otherwise provide, in this

subsection “financial interests” means the amounts recorded in the

names of members in the records of a limited cooperative association

at the time a distribution is made, including amounts paid to become

a member, amounts allocated but not distributed to members, and

amounts of distributions authorized but not yet paid to members.

Unless the organic rules otherwise provide, each member is entitled

to a distribution from the association of any remaining assets in

the proportion of the member’s financial interests to the total

financial interests of the members after all other obligations are

satisfied.