Okla. Stat. tit. 18, § 18-441-1301: Derivative action
Where this section sits in the code
- OK Code
- Title 18
DERIVATIVE ACTION. A member may maintain a derivative action to
enforce a right of a limited cooperative association if:
(1) The member demands that the association bring an action to
enforce the right; and
(2) Any of the following occur:
(A) the association does not, within ninety (90) days
after the member makes the demand, agree to bring the
action;
(B) the association notifies the member that it has
rejected the demand;
(C) irreparable harm to the association would result by
waiting ninety (90) days after the member makes the
demand; or
(D) the association agrees to bring an action demanded and
fails to bring the action within a reasonable time.
Collected 2026-09-14T18:32:36Z. Source file · JSON