§ 504. — Cooperative associations; charter; purposes; voting rights.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC504]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER VIII--INDIANS IN OKLAHOMA: PROMOTION OF WELFARE
Sec. 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.
(June 26, 1936, ch. 831, Sec. 4, 49 Stat. 1967.)
References in Text
Act of June 18, 1934, referred to in text, popularly known as the
Indian Reorganization Act, is classified generally to subchapter V
(Sec. 461 et seq.) of this chapter. Provisions of the Act defining
``Indian'' appear in section 479 of this title. For complete
classification of this Act to the Code, see Short Title note set out
under section 461 of this title and Tables.
Section Referred to in Other Sections
This section is referred to in section 505 of this title.
