Oklahoma § 18-437.7 - Members

§ 18-437.7. Members

A. No person who is not an incorporator shall become a member

of a cooperative unless such person shall agree to use electric

energy furnished by the cooperative when such electric energy shall

be available through its facilities. The bylaws of a cooperative

may provide that any person including a corporation, shall cease to

be a member thereof if he or she shall fail or refuse to use

electric energy made available by the cooperative or if electric

energy shall not be made available to such person by the cooperative

within a specified time after such person shall have become a member

Oklahoma Statutes - Title 18. Corporations

thereof. Membership in the cooperative shall not be transferable,

except as provided in the bylaws. The bylaws may prescribe

additional qualifications and limitations in respect to membership.

B. An annual meeting of the members shall be held at such time

as shall be provided in the bylaws.

C. Special meetings of the members may be called by the board

of trustees, by any three trustees, by not less than ten percent

(10%) of the members, or by the president.

D. Meetings of members shall be held at such place as may be

provided in the bylaws. In the absence of any such provision, all

meetings shall be held in the city or town in which the principal

office of the cooperative is located.

E. Except as hereinafter otherwise provided, written or printed

notice stating the time and place of each meeting of members and, in

the case of a special meeting, the purpose or purposes for which the

meeting is called, shall be given to each member, either personally

or by mail, not less than ten (10) nor more than twenty-five (25)

days before the date of the meeting.

F. Five percent (5%) of all members, present in person, shall

constitute a quorum for the transaction of business at all meetings

of the members, unless the bylaws prescribe the presence of a

greater percentage of the members for a quorum. If less than a

quorum is present at any meeting, a majority of those present in

person may adjourn the meeting from time to time without further

notice. If allowed by the bylaws of a cooperative, mail-in ballots

may be counted toward the required five percent (5%) of members

necessary to constitute a quorum. If specified in the meeting

notice, in-person registrations shall be counted toward the required

five percent (5%) of members necessary to constitute a quorum. Any

vote taken at a time when less than five percent (5%) of all members

are physically present shall be taken only on proposed actions which

were specifically identified and provided to the members in advance

through the meeting notice.

G. Each member shall be entitled to one vote on each matter

submitted to a vote at a meeting. Voting shall be in person, but,

if the bylaws so provide, may also be by proxy or by mail, or both.

If the bylaws provide for voting by proxy or by mail, they shall

also prescribe the conditions under which proxy or mail voting shall

be exercised. In any event, no person shall vote a proxy for more

than three members at any meeting of the members.

H. For purposes of this section, "in-person registration" means

a member registering for a meeting at any location designated in the

meeting notice.

Added by Laws 1939, p. 259, § 8, emerg. eff. April 14, 1939.

Amended by Laws 2016, c. 96, § 1, emerg. eff. April 19, 2016; Laws

2022, c. 159, § 1, emerg. eff. May 2, 2022.

Oklahoma Statutes - Title 18. Corporations