Section 441-1202 - Nonjudicial dissolutionExcept as otherwise provided in Sections 104 and 112 of this act, a limited cooperative association is dissolved and its activities must be wound up:
(1) Upon the occurrence of an event or at a time specified in the articles of organization;(2) Upon the action of the association's organizers, board of directors, or members under Section 105 or 106 of this act; or(3) Ninety (90) days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association: (A) has a sole member that is a cooperative; or(B) not later than the end of the ninety-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.Okla. Stat. tit. 18, § 441-1202
Added by Laws 2009 , HB 2148, c. 68, § 103, eff. 1/1/2010.