{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-441-1209","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-441-1209","heading":"Other claims against dissolved limited cooperative","body":"association.\n\nOTHER CLAIMS AGAINST DISSOLVED LIMITED COOPERATIVE ASSOCIATION.\n\n(a) A dissolved limited cooperative association may publish\n\nnotice of its dissolution and request persons having claims against\n\nthe association to present them in accordance with the notice.\n\n(b) A notice under subsection (a) of this section must:\n\n(1) Be published at least once in a newspaper of general\n\ncirculation in the county in which the dissolved limited cooperative\n\nassociation’s principal office is located or, if the association\n\ndoes not have a principal office in this state, in the county in\n\nwhich the association’s designated office is or was last located;\n\n(2) Describe the information required to be contained in a\n\nclaim and provide an address to which the claim is to be sent; and\n\n(3) State that a claim against the association is barred unless\n\nan action to enforce the claim is commenced not later than three (3)\n\nyears after publication of the notice.\n\n(c) If a dissolved limited cooperative association publishes a\n\nnotice in accordance with subsection (b) of this section, the claim\n\nof each of the following claimants is barred unless the claimant\n\ncommences an action to enforce the claim not later than three (3)\n\nyears after the first publication date of the notice:\n\n(1) A claimant that is entitled to but did not receive notice\n\nin a record under Section 109 of this act; and\n\n(2) A claimant whose claim is contingent or based on an event\n\noccurring after the effective date of dissolution.\n\n(d) A claim not barred under this section may be enforced:\n\n(1) Against a dissolved limited cooperative association, to the\n\nextent of its undistributed assets; or\n\n(2) If the association’s assets have been distributed in\n\nconnection with winding up the association’s activities, against a\n\nmember or holder of financial rights to the extent of that person’s\n\nproportionate share of the claim or the association’s assets\n\ndistributed to the person in connection with the winding up,\n\nwhichever is less. The person’s total liability for all claims\n\nunder this paragraph shall not exceed the total amount of assets\n\ndistributed to the person as part of the winding up of the\n\nassociation.","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":"3a92ee9372a08596bee50fbf90ccfb4402a633918766281661e53de32532352a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-441-1208","next":"us-ok/okla.-stat.-tit.-18-18-441-1210"},"notice":"GroundRules: Original legal text. Not legal advice."}