Oklahoma § 18-438.9 - Membership - Shares of stock - Qualification as patron
Full text of Oklahoma Oklahoma Statutes § 18-438.9 — Membership - Shares of stock - Qualification as patron, with citation guidance and answers to common questions.
§ 18-438.9. Membership - Shares of stock - Qualification as patron
A. Each incorporator of a cooperative shall be a member thereof
but no other person may become a member thereof unless such other
person agrees to use communication services furnished by the
cooperative when it is made available through its facilities, except
as otherwise provided in the bylaws. Membership in a cooperative
may be evidenced by a certificate of membership which shall not be
transferable, except as provided by the bylaws. The bylaws may
prescribe additional qualifications and limitations in respect of
membership, provided that ownership of shares of stock, if any are
authorized, shall not be a condition of membership in the
cooperative.
B. In case the issuance of shares of stock is provided for in
the articles of incorporation, ownership thereof shall be evidenced
by share certificates. No share of stock shall be issued except for
cash, or for property at its fair value, in an amount equal to the
par value of such share of stock.
C. Membership and share certificates shall contain such
provisions, consistent with this act and the articles of
incorporation of the cooperative, as shall be prescribed by its
bylaws.
D. Each member who purchases communication services in the
ordinary course of business of the cooperative is a patron of the
cooperative, except the use of inter-exchange access, payment of
inter-exchange access fares or settlements, or the purchase of
equipment does not qualify a member or other person as a patron.
The bylaws of the cooperative may provide other circumstances where
a member or other person will not qualify to be a patron.
Laws 1953, p. 486, § 9; Laws 1991, c. 135, § 5, eff. Sept. 1, 1991.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-438.9
What does Oklahoma Statutes § 18-438.9 cover?
Section 18-438.9 ("Membership - Shares of stock - Qualification as patron") 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 § 18-438.9?
A common citation format is "Oklahoma Statutes § 18-438.9" (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 § 18-438.9 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.