Okla. Stat. tit. 18, § 18-441-1504: Disposition of assets

DISPOSITION OF ASSETS.

(a) Subject to subsection (b) of this section, a disposition of

assets under Section 131 of this act must be approved by:

(1) At least two-thirds (2/3) of the voting power of members

present at a members meeting called under paragraph (2) of Section

132 of this act; and

(2) If the limited cooperative association has investor

members, at least a majority of the votes cast by patron members,

unless the organic rules require a greater percentage vote by patron

members.

(b) The organic rules may require that the percentage of votes

under paragraph (1) of subsection (a) of this section is:

(1) A different percentage that is not less than a majority of

members voting at the meeting;

(2) Measured against the voting power of all members; or

(3) A combination of paragraphs (1) and (2) of this subsection.

(c) Subject to any contractual obligations, after a disposition

of assets is approved and at any time before the consummation of the

disposition, a limited cooperative association may approve an

amendment to the contract for disposition or the resolution

authorizing the disposition or approve abandonment of the

disposition:

(1) As provided in the contract or the resolution; and

(2) Except as prohibited by the resolution, with the same

affirmative vote of the board of directors and of the members as was

required to approve the disposition.

(d) The voting requirements for districts, classes, or voting

groups under Section 36 of this act apply to approval of a

disposition of assets under this article.