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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-441-803: Qualifications of directors

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Where this section sits in the code
  1. OK Code
  2. 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

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