Okla. Stat. tit. 18, § 18-1062

This is the official text of Okla. Stat. tit. 18, § 18-1062, 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.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Voting Rights of Fiduciaries, Pledgors and Joint Owners

Official statutory text

of Stock.

VOTING RIGHTS OF FIDUCIARIES, PLEDGORS

AND JOINT OWNERS OF STOCK

A. Persons holding stock in a fiduciary capacity shall be

entitled to vote the shares so held. Persons whose stock is pledged

shall be entitled to vote, unless in the transfer by the pledgor on

the books of the corporation he has expressly empowered the pledgee,

to vote thereon, in which case only the pledgee, or his proxy may

represent such stock and vote thereon.

B. If shares or other securities having voting power stand of

record in the names of two (2) or more persons, whether fiduciaries,

members of a partnership, joint tenants, tenants in common, tenants

by the entirety or otherwise, or if two (2) or more persons have the

same fiduciary relationship respecting the same shares, unless the

secretary of the corporation is given written notice to the contrary

and is furnished with a copy of the instrument or order appointing

them or creating the relationship wherein it is so provided, their

acts with respect to voting shall have the following effect:

1. If only one (1) vote, his act binds all; or

2. If more than one (1) vote, the act of the majority so voting

binds all; or

Oklahoma Statutes - Title 18. Corporations Page 385

3. If more than one (1) vote, but the vote is evenly split on

any particular matter, each faction may vote the securities in

question proportionally, or any person voting the shares, or a

beneficiary, if any, may apply to the district court to appoint an

additional person to act with the persons so voting the shares,

which shall then be voted as determined by a majority of such

persons and the person appointed by such court. If the instrument

so filed shows that any such tenancy is held in unequal interests, a

majority or even-split for the purpose of this subsection shall be a

majority or even-split in interest.

Status: in_force · Read it on the official government site

Need a lawyer in Oklahoma?

Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.