Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6 | Voting Members The corporation shall have voting members who shall have all the rights and privileges of members of the corporation. Voting membership is open to all businesses engaged in domestic oil production or marketing of the same and that agree to comply with the corporation's standards, as approved by the board of directors. Applications for voting membership must be in writing and signed by the applicant. An applicant shall become a voting member upon approval of the board of directors. Associate Members The corporation shall have associate members who shall have such rights and privileges as the board of directors establishes by resolution but who shall have no right to vote. Associate membership is open to all businesses in Oklahoma that are involved in the petroleum or energy industry but do not directly produce or market domestic oil or its by-products. Applications for associate membership must be in writing and signed by the applicant. An applicant shall become an associate member upon approval of the board of directors. Other Nonvoting Members The board of directors may, by resolution, establish one or more additional classes of nonvoting members of the corporation. additional classes of nonvoting members of the corporation. |
| Form 990, Part VI, Line 7 | Directors are elected by a majority vote of the voting members. A director may be removed from office by an affirmative vote of at least 66 2/3% of all voting members when such action will serve the best interests of the corporation, but only if the voting member who has designated the director as its designated representative consents to removal. |
| Form 990, Part VI, Line 11 | The return is prepared by an outside accountant. The return was reviewed internally by management and was provided to the governing body prior to filing with the IRS. |
| Form 990, Part VI, Line 19 | The organization makes its governing documents and financial statements available to the public upon request. |
| Form 990, Part VI, Line 2 | Brian Harmon and Charles Harmon have a family and business relationship. |
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