Okla. Stat. tit. 18, § 18-1145
This is the official text of Okla. Stat. tit. 18, § 18-1145, 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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Control shares - definition
Official statutory text
CONTROL SHARES; DEFINITION
As used in Sections 1145 through 1155 of this title, "control
shares" means issued and outstanding shares of an issuing public
corporation that, except for Sections 1145 through 1155 of this
title, would have voting power, when added to all other shares of
the issuing public corporation owned of record or beneficially by an
acquiring person or in respect to which that acquiring person may
Oklahoma Statutes - Title 18. Corporations Page 520
exercise or direct the exercise of voting power, that would entitle
the acquiring person, immediately after acquisition of the shares,
directly or indirectly, to exercise or direct the exercise of the
voting power of the issuing public corporation in the election of
directors within any of the following ranges of voting power:
1. One-fifth (1/5) or more but less than one-third (1/3) of all
voting power;
2. One-third (1/3) or more but less than a majority of all
voting power; or
3. A majority or more of all voting power.
As used in Sections 1145 through 1155 of this title, "control
shares" means issued and outstanding shares of an issuing public
corporation that, except for Sections 1145 through 1155 of this
title, would have voting power, when added to all other shares of
the issuing public corporation owned of record or beneficially by an
acquiring person or in respect to which that acquiring person may
Oklahoma Statutes - Title 18. Corporations Page 520
exercise or direct the exercise of voting power, that would entitle
the acquiring person, immediately after acquisition of the shares,
directly or indirectly, to exercise or direct the exercise of the
voting power of the issuing public corporation in the election of
directors within any of the following ranges of voting power:
1. One-fifth (1/5) or more but less than one-third (1/3) of all
voting power;
2. One-third (1/3) or more but less than a majority of all
voting power; or
3. A majority or more of all voting power.
Status: in_force · Read it on the official government site
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