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Okla. Stat. tit. 18, § 18-381.61

This is the official text of Okla. Stat. tit. 18, § 18-381.61, 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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Merger or consolidation

Official statutory text

Pursuant to a plan agreed upon by at least two-thirds of the

members of the board of directors as being equitable to the members

or stockholders of the association and as not impairing other

associations, foreign associations, and federal associations, an

association may merge or consolidate with another association,

foreign association, or federal association, provided that the plan

of such merger or consolidation shall be approved at an annual

meeting or at any special meeting of the members or stockholders

called to consider such action by a majority vote of the outstanding

stock entitled to vote thereon or upon a majority vote of the total

number of votes of the members present in person or by proxy. An

application to merge or consolidate shall be filed with the State

Banking Commissioner and the same shall be the subject of an

individual proceeding pursuant to Article II of the Administrative

Procedures Act, Section 309 et seq. of Title 75 of the Oklahoma

Statutes. If the merger or consolidation is approved by the

Commissioner, a copy of the order of approval shall be filed with

the Secretary of State who shall then issue a certificate of merger.

In all cases of merger or consolidation, the corporate continuity of

the resulting corporation shall have the same incidents, rights and

liabilities as that of an association which has converted pursuant

to this act. The Commissioner may provide, by rule, for any

additional procedure to be followed, and application fee to be paid,

by any associations merging or consolidating pursuant to this act.

Oklahoma Statutes - Title 18. Corporations Page 66

Status: in_force · Read it on the official government site

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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.