Okla. Stat. tit. 2, § 2-17-11: Membership in associations - Termination and transfer of

memberships - Liability for debts.

A. Under the terms and conditions prescribed in the bylaws

adopted by it, an association may admit as members, or issue common

stock to only cooperative associations and/or persons engaged in the

production of agricultural products to be handled by or through the

association, including the lessees and tenants of land used for the

production of agricultural products and any lessors and landlords

who receive as rent all or part of the crop raised on the leased

premises.

B. An association organized pursuant to the Cooperative

Marketing Association Act may become a member or stockholder of any

other cooperative association organized in this or any other state.

C. A member shall lose membership and voting rights if the

member ceases to belong to the class of persons eligible for

membership pursuant to this section, however, such member shall

remain subject to any liability already incurred by such member as a

member of the association. Upon the death of a member and the

deceased member’s estate ceasing to belong to the class of persons

eligible for membership pursuant to this section, the deceased

member’s estate shall be entitled to receive from the association,

within three (3) years after the latter of the member’s death or the

member ceasing to be a member, the value of the membership interest

in the association subject to the conclusive appraisal by the board

of directors. If the association approves the member's designation

of a transferee of the membership interest, the association shall be

under no obligation to pay the transferor the value of the interest.

D. Except for debts lawfully contracted between a member and

the association, no member shall be liable for the debts of the

association to any amount exceeding the sum remaining unpaid on the

subscription to membership of the member.