Okla. Stat. tit. 18, § 18-441-1501: Disposition of assets not requiring member approval
Where this section sits in the code
- OK Code
- Title 18
DISPOSITION OF ASSETS NOT REQUIRING MEMBER APPROVAL. Unless the
articles of organization otherwise provide, member approval under
Section 131 of this act is not required for a limited cooperative
association to:
(1) Sell, lease, exchange, license, or otherwise dispose of all
or any part of the assets of the association in the usual and
regular course of business; or
(2) Mortgage, pledge, dedicate to the repayment of
indebtedness, or encumber in any way all or any part of the assets
of the association whether or not in the usual and regular course of
business.
Collected 2026-09-14T18:32:36Z. Source file · JSON