§18-441-817. Committees.
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/ok/title-18-corporations/18-441-817·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
COMMITTEES.
(a)Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.
(b)Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member.
(c)An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.
(d)Unless the organic rules otherwise provide, each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee may not:
(1)Approve allocations or distributions except according to a formula or method prescribed by the board of directors;
(2)Approve or propose to members action requiring approval of members; or
(3)Fill vacancies on the board of directors or any of its committees. Added by Laws 2009, c. 68, § 82, eff. Jan. 1, 2010.