|
U.S. Code as of:
01/19/04
Section 504. Cooperative associations; charter; purposes; voting rights
Any ten or more Indians, as determined by the official tribal
rolls, or Indian descendants of such enrolled members, or Indians
as defined in the Act of June 18, 1934 (48 Stat. 984) [25 U.S.C.
461 et seq.], who reside within the State of Oklahoma in convenient
proximity to each other may receive from the Secretary of the
Interior a charter as a local cooperative association for any one
or more of the following purposes: Credit administration,
production, marketing, consumers' protection, or land management.
The provisions of this subchapter, the regulations of the Secretary
of the Interior, and the charters of the cooperative associations
issued pursuant thereto shall govern such cooperative associations:
Provided, That in those matters not covered by this subchapter,
regulations, or charters, the laws of the State of Oklahoma, if
applicable, shall govern. In any stock or nonstock cooperative
association no one member shall have more than one vote, and
membership therein shall be open to all Indians residing within the
prescribed district.
|
|