Okla. Stat. tit. 18, § 18-441-604: Security interest and set-off

SECURITY INTEREST AND SET-OFF.

(a) A member or transferee may create an enforceable security

interest in its financial rights in a limited cooperative

association.

(b) Unless the organic rules otherwise provide, a member may

not create an enforceable security interest in the member’s

governance rights in a limited cooperative association.

(c) The organic rules may provide that a limited cooperative

association has a security interest in the financial rights of a

member to secure payment of any indebtedness or other obligation of

the member to the association. A security interest provided for in

the organic rules is enforceable under, and governed by, Article 9

of the Uniform Commercial Code.

(d) Unless the organic rules otherwise provide, a member may

not compel the limited cooperative association to offset financial

rights against any indebtedness or obligation owed to the

association.