Okla. Stat. tit. 17, § 17-158.51
This is the official text of Okla. Stat. tit. 17, § 17-158.51, part of Oklahoma’s Stat. tit. 17, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 17,." Browse the sections below, each linked to its official government source.
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Offers, requests, invitations and acquisitions -
Official statutory text
Conflict of interests - Statement - Approval.
No person shall make an offer for, or enter into any agreement
to exchange, seek to acquire, or acquire the assets of a rural
electric cooperative regulated by the Corporation Commission if,
after the consummation of such action, such person would directly or
indirectly, or by conversion or by exercise of any right to acquire,
be in control of such rural electric cooperative, and no person
shall merge with or otherwise acquire control of a rural electric
cooperative, except pursuant to Section 437.13 of Title 18 of the
Oklahoma Statutes, unless, at the time any such offer, request or
invitation is made or prior to the acquisition of assets, such
person has filed with the Commission and has sent to such rural
electric cooperative a statement containing the information required
by Section 3 of this act and such offer, request, invitation, or
acquisition has been approved by the Commission in the manner
prescribed in Section 4 of this act.
No person shall make an offer for, or enter into any agreement
to exchange, seek to acquire, or acquire the assets of a rural
electric cooperative regulated by the Corporation Commission if,
after the consummation of such action, such person would directly or
indirectly, or by conversion or by exercise of any right to acquire,
be in control of such rural electric cooperative, and no person
shall merge with or otherwise acquire control of a rural electric
cooperative, except pursuant to Section 437.13 of Title 18 of the
Oklahoma Statutes, unless, at the time any such offer, request or
invitation is made or prior to the acquisition of assets, such
person has filed with the Commission and has sent to such rural
electric cooperative a statement containing the information required
by Section 3 of this act and such offer, request, invitation, or
acquisition has been approved by the Commission in the manner
prescribed in Section 4 of this act.
Status: in_force · Read it on the official government site
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