Okla. Stat. tit. 18, § 18-441-803: Qualifications of directors
Where this section sits in the code
- OK Code
- Title 18
QUALIFICATIONS OF DIRECTORS.
(a) Unless the organic rules otherwise provide, and subject to
subsection (c) of this section, each director of a limited
cooperative association must be an individual who is a member of the
association or an individual who is designated by a member that is
not an individual for purposes of qualifying and serving as a
director. Initial directors need not be members.
(b) Unless the organic rules otherwise provide, a director may
be an officer or employee of the limited cooperative association.
(c) If the organic rules provide for nonmember directors, the
number of nonmember directors may not exceed:
(1) One, if there are two through four directors;
(2) Two, if there are five through eight directors; or
(3) One-third (1/3) of the total number of directors if there
are at least nine directors.
(d) The organic rules may provide qualifications for directors
in addition to those in this section.
Collected 2026-09-14T18:32:36Z. Source file · JSON