GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 2, § 2-17-3: Definitions

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 2

A. As used in the Cooperative Marketing Association Act:

1. “Agricultural products" includes horticultural,

viticultural, nut, dairy, livestock, poultry, bee, and any other

farm products;

2. “Member" means, in addition to those admitted to membership

in an association without capital stock, holders of common stock in

associations organized with capital stock;

3. “Association" means any corporation organized pursuant to

the Cooperative Marketing Association Act or any similar corporation

organized under any general or special act of this or any other

state as a cooperative association, for the mutual benefit of its

members, as agricultural producers, in which the return on the stock

or membership capital is limited to an amount not to exceed eight

percent (8%) per annum, and which during any fiscal year does not

deal with nonmembers' products to an amount greater in value than

members' products; and

4. “Person" includes individuals, partnerships, firms,

corporations, associations, trusts, estates, limited liability

companies and any other legal entities recognized to do business in

Oklahoma.

B. Associations organized pursuant to the Cooperative Marketing

Association Act shall be deemed nonprofit, inasmuch as they are not

organized to make profit for themselves, nor for their members, but

only for their members as producers or users of products purchased.

Collected 2026-09-14T18:32:36Z. Source file · JSON

Browse this collection