Okla. Stat. tit. 18, § 18-1150
This is the official text of Okla. Stat. tit. 18, § 18-1150, 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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Notice of control share acquisition
Official statutory text
NOTICE OF CONTROL SHARE ACQUISITION
Any acquiring person who proposes to make a control share
acquisition may, at the person's election, and any acquiring person
who has made a control share acquisition shall, deliver an acquiring
person statement to the issuing public corporation at the issuing
public corporation's principal office. The acquiring person
statement must set forth all of the following:
1. The identity of the acquiring person;
2. A statement that the acquiring person statement is given
pursuant to Sections 1145 through 1155 of this title;
3. The number of shares of the issuing public corporation
owned, directly or indirectly, by the acquiring person, the
acquisition date and the prices at which such shares were acquired;
4. The voting power to which the acquiring person, except for
Section 1149 of this title, would be entitled;
5. A form of resolution to be considered by the shareholders
pursuant to Section 1153 of this title; and
6. If the control share acquisition has not yet occurred:
a. a description in reasonable detail of the terms of the
proposed control share acquisition, and
Oklahoma Statutes - Title 18. Corporations Page 525
b. representations of the acquiring person, together with
a statement in reasonable detail of the facts upon
which they are based, that the proposed control share
acquisition, if consummated, will not be contrary to
law, and that the acquiring person has the financial
capacity to make the proposed control share
acquisition.
Any acquiring person who proposes to make a control share
acquisition may, at the person's election, and any acquiring person
who has made a control share acquisition shall, deliver an acquiring
person statement to the issuing public corporation at the issuing
public corporation's principal office. The acquiring person
statement must set forth all of the following:
1. The identity of the acquiring person;
2. A statement that the acquiring person statement is given
pursuant to Sections 1145 through 1155 of this title;
3. The number of shares of the issuing public corporation
owned, directly or indirectly, by the acquiring person, the
acquisition date and the prices at which such shares were acquired;
4. The voting power to which the acquiring person, except for
Section 1149 of this title, would be entitled;
5. A form of resolution to be considered by the shareholders
pursuant to Section 1153 of this title; and
6. If the control share acquisition has not yet occurred:
a. a description in reasonable detail of the terms of the
proposed control share acquisition, and
Oklahoma Statutes - Title 18. Corporations Page 525
b. representations of the acquiring person, together with
a statement in reasonable detail of the facts upon
which they are based, that the proposed control share
acquisition, if consummated, will not be contrary to
law, and that the acquiring person has the financial
capacity to make the proposed control share
acquisition.
Status: in_force · Read it on the official government site
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