Oklahoma § 18-438.7 - Articles of incorporation
Full text of Oklahoma Oklahoma Statutes § 18-438.7 — Articles of incorporation, with citation guidance and answers to common questions.
§ 18-438.7. Articles of incorporation
Articles of incorporation of a cooperative shall recite that
they are executed pursuant to this act and shall state: (1) the name
of the cooperative; (2) the address of its principal office; (3) the
names and addresses of the incorporators; (4) the names and
addresses of its trustees; (5) the purpose for which the cooperative
is formed; and (6) the period of its existence and may contain any
provisions not inconsistent with this act deemed necessary or
advisable for the conduct of its business, including provisions for
the issuance of nonvoting shares of stock as hereinafter provided.
Such articles shall be signed by each incorporator and acknowledged
by at least two of the incorporators, or on their behalf, if they
are cooperatives. If a cooperative desires to issue nonvoting
shares of stock, its articles of incorporation shall state: (1) the
total number of such shares of stock which may be issued and the par
value of each share; (2) the fixed or maximum rate of dividends on
the par value of such shares of stock, in either case not exceeding
four percent (4%) per annum, and whether dividends shall be
cumulative or noncumulative; (3) whether such shares of stock may be
issued to members only or to members and nonmembers; (4) the maximum
number of such shares of stock which may be owned by any person; and
(5) the terms and conditions on which such shares of stock may be
transferred, redeemed and retired.
Laws 1953, p. 486, § 7.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-438.7
What does Oklahoma Statutes § 18-438.7 cover?
Section 18-438.7 ("Articles of incorporation") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-438.7?
A common citation format is "Oklahoma Statutes § 18-438.7" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-438.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.