Okla. Stat. tit. 18, § 18-1034
This is the official text of Okla. Stat. tit. 18, § 18-1034, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Consideration for Stock
Official statutory text
CONSIDERATION FOR STOCK
A. Shares of stock with par value may be issued for such
consideration, having a value not less than the par value of the
shares so issued, as determined from time to time in accordance with
Section 1033 of this title, or by the shareholders if the
certificate of incorporation so provides.
B. Shares of stock without par value may be issued for such
consideration as determined from time to time in accordance with
Section 1033 of this title, or by the shareholders if the
certificate of incorporation so provides.
C. Treasury shares may be disposed of by the corporation in the
same manner that shares of stock are issued under Section 1033 of
this title, or may be disposed of for such consideration as
determined by the shareholders if the certificate of incorporation
so provides.
D. If the certificate of incorporation reserves to the
shareholders the right to determine the consideration for the issue
of any shares, the shareholders, unless the certificate requires a
greater vote, shall do so by a vote of a majority of the outstanding
stock entitled to vote thereon.
A. Shares of stock with par value may be issued for such
consideration, having a value not less than the par value of the
shares so issued, as determined from time to time in accordance with
Section 1033 of this title, or by the shareholders if the
certificate of incorporation so provides.
B. Shares of stock without par value may be issued for such
consideration as determined from time to time in accordance with
Section 1033 of this title, or by the shareholders if the
certificate of incorporation so provides.
C. Treasury shares may be disposed of by the corporation in the
same manner that shares of stock are issued under Section 1033 of
this title, or may be disposed of for such consideration as
determined by the shareholders if the certificate of incorporation
so provides.
D. If the certificate of incorporation reserves to the
shareholders the right to determine the consideration for the issue
of any shares, the shareholders, unless the certificate requires a
greater vote, shall do so by a vote of a majority of the outstanding
stock entitled to vote thereon.
Status: in_force · Read it on the official government site
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