Okla. Stat. tit. 18, § 18-1154
This is the official text of Okla. Stat. tit. 18, § 18-1154, 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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Redemption of control shares
Official statutory text
REDEMPTION OF CONTROL SHARES
A. If authorized in a corporation's certificate of
incorporation or bylaws before a control share acquisition has
occurred, control shares acquired in a control share acquisition
with respect to which no acquiring person statement has been filed
with the issuing public corporation may, at any time during the
period ending sixty (60) days after the last acquisition of control
shares by the acquiring person, be subject to redemption by the
corporation at the fair value thereof pursuant to the procedures
adopted by the corporation.
B. Control shares acquired in a control share acquisition are
not subject to redemption after an acquiring person statement has
been filed unless the shares are not accorded full voting rights by
the shareholders as provided in Section 23 of this act.
A. If authorized in a corporation's certificate of
incorporation or bylaws before a control share acquisition has
occurred, control shares acquired in a control share acquisition
with respect to which no acquiring person statement has been filed
with the issuing public corporation may, at any time during the
period ending sixty (60) days after the last acquisition of control
shares by the acquiring person, be subject to redemption by the
corporation at the fair value thereof pursuant to the procedures
adopted by the corporation.
B. Control shares acquired in a control share acquisition are
not subject to redemption after an acquiring person statement has
been filed unless the shares are not accorded full voting rights by
the shareholders as provided in Section 23 of this act.
Status: in_force · Read it on the official government site
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