{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-438.23","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-438.23","heading":"Operation for mutual benefit - Disposition of receipts","body":"and revenues.\n\nA cooperative shall be operated on a nonprofit basis for the\n\nmutual benefit of its members and patrons. The bylaws of a\n\ncooperative or its contracts with members and patrons shall contain\n\nsuch provisions relative to the disposition of revenues and receipts\n\nas may be necessary and appropriate to establish and maintain its\n\nnonprofit and cooperative character. In the case of a cooperative\n\nauthorized to issue shares of stock, such bylaws or contracts shall\n\nprovide that no monies shall be paid or credits given on the basis\n\nof patronage except after the declaration or payment of dividends on\n\nthe outstanding shares of stock in accordance with the articles of\n\nincorporation of the cooperative, and such bylaws or contracts shall\n\notherwise be consistent with the cooperative's obligations in\n\nrespect of such shares of stock.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"ee123ae41101863b7fd1e2f6ecd58f8bccfc01a953077625aa5cdbf0680f4837","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-438.22","next":"us-ok/okla.-stat.-tit.-18-18-438.24"},"notice":"GroundRules: Original legal text. Not legal advice."}