Okla. Stat. tit. 18, § 18-1155

This is the official text of Okla. Stat. tit. 18, § 18-1155, 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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Rights of dissenting shareholders

Official statutory text

RIGHTS OF DISSENTING SHAREHOLDERS

A. Unless otherwise provided in a corporation's certificate of

incorporation or bylaws before a control share acquisition has

occurred, in the event control shares acquired in a control share

acquisition are accorded full voting rights and the acquiring person

has acquired control shares with a majority or more of all voting

power, all shareholders of the issuing public corporation have

dissenters' rights.

Oklahoma Statutes - Title 18. Corporations Page 528

B. As soon as practicable after such events have occurred, the

board of directors shall cause a notice to be sent to all

shareholders of the corporation advising them of the facts and that

they have dissenters' rights to receive the fair value of their

shares pursuant to Section 1091 of Title 18 of the Oklahoma

Statutes.

C. As used in this section, "fair value" means a value not less

than the highest price paid per share by the acquiring person in the

control share acquisition.

Status: in_force · Read it on the official government site

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