Senate Bill 1782 Summary

• Amends 18 O.S. 2011, Section 441-821 regarding director and committee member information rights in limited cooperative associations.

• Updates statutory reference from "Section 82" to "Section 441-817" and changes "act" to "title" for proper citation formatting.

• Clarifies that directors and committee members may inspect, copy, and obtain information about the association's activities and financial condition if reasonably related to their duties.

• Prohibits misuse of information obtained under this section in ways that would violate duties owed to the association.

• Effective date: November 1, 2012.