{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-441-1607","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-441-1607","heading":"Notice and action on plan of merger by constituent","body":"limited cooperative association.\n\nNOTICE AND ACTION ON PLAN OF MERGER BY CONSTITUENT LIMITED\n\nCOOPERATIVE ASSOCIATION.\n\n(a) For a limited cooperative association to merge with another\n\nentity, a plan of merger must be approved by a majority vote of the\n\nboard of directors or a greater percentage if required by the\n\nassociation’s organic rules.\n\n(b) The board of directors shall call a members meeting to\n\nconsider a plan of merger approved by the board, hold the meeting\n\nnot later than ninety (90) days after approval of the plan by the\n\nboard, and mail or otherwise transmit or deliver in a record to each\n\nmember:\n\n(1) The plan of merger, or a summary of the plan and a\n\nstatement of the manner in which a copy of the plan in a record may\n\nbe reasonably obtained by a member;\n\n(2) A recommendation that the members approve the plan of\n\nmerger, or if the board determines that because of conflict of\n\ninterest or other special circumstances it should not make a\n\nfavorable recommendation, the basis for that determination;\n\n(3) A statement of any condition of the board’s submission of\n\nthe plan of merger to the members; and\n\n(4) Notice of the meeting at which the plan of merger will be\n\nconsidered, which must be given in the same manner as notice of a\n\nspecial meeting of members.","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":"0e085b1f38f7227ecbc78ac59d18aefbbe0db99a77e323d8125652c24d87e7a6","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-441-1606","next":"us-ok/okla.-stat.-tit.-18-18-441-1608"},"notice":"GroundRules: Original legal text. Not legal advice."}