Okla. Stat. tit. 18, § 18-441-809
This is the official text of Okla. Stat. tit. 18, § 18-441-809, 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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Vacancy on board
Official statutory text
VACANCY ON BOARD.
(a) Unless the organic rules otherwise provide, a vacancy on
the board of directors must be filled:
(1) Within a reasonable time by majority vote of the remaining
directors until the next annual members meeting or a special meeting
of members called to fill the vacancy; and
(2) For the unexpired term by members at the next annual
members meeting or a special meeting of members called to fill the
vacancy.
(b) Unless the organic rules otherwise provide, if a vacating
director was elected or appointed by a class of members or a
district:
(1) The new director must be of that class or district; and
(2) The selection of the director for the unexpired term must
be conducted in the same manner as would the selection for that
position without a vacancy.
Oklahoma Statutes - Title 18. Corporations Page 200
(c) If a member appointed a vacating director, the organic
rules may provide for that member to appoint a director to fill the
vacancy.
(a) Unless the organic rules otherwise provide, a vacancy on
the board of directors must be filled:
(1) Within a reasonable time by majority vote of the remaining
directors until the next annual members meeting or a special meeting
of members called to fill the vacancy; and
(2) For the unexpired term by members at the next annual
members meeting or a special meeting of members called to fill the
vacancy.
(b) Unless the organic rules otherwise provide, if a vacating
director was elected or appointed by a class of members or a
district:
(1) The new director must be of that class or district; and
(2) The selection of the director for the unexpired term must
be conducted in the same manner as would the selection for that
position without a vacancy.
Oklahoma Statutes - Title 18. Corporations Page 200
(c) If a member appointed a vacating director, the organic
rules may provide for that member to appoint a director to fill the
vacancy.
Status: in_force · Read it on the official government site
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