Okla. Stat. tit. 18, § 18-903
This is the official text of Okla. Stat. tit. 18, § 18-903, 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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Organization - Purpose
Official statutory text
A business development corporation may be incorporated in this
state pursuant to the provisions of this act and all the provisions
of the Oklahoma General Corporation Act not in conflict with or
inconsistent with the provisions of this act shall apply to such
corporation except as hereinafter otherwise provided.
Ten or more persons, a majority of whom shall be residents of
this state, who desire to create a business development corporation
under the provisions of this act, shall by certificate of
incorporation filed with the Secretary of State, under their hands
and seal, set forth:
(1) The name of the corporation, which shall include the words
"Oklahoma Business Development Corporation".
(2) The location of the principal office of the corporation, but
such corporation may have offices in such other places within the
state as may be fixed by the board of directors.
(3) The purpose for which the corporation is founded, which
shall include the following:
The purposes of the corporation shall be to promote, stimulate,
develop and advance to business prosperity and economic welfare of
the State of Oklahoma and its citizens; to encourage and assist
through loans, investments or other business transactions in the
location of new business and industry in this state and to improve
and assist existing business and industry, and so to stimulate and
assist in the expansion of all kinds of business activity which will
tend to promote the business development and maintain the economic
stability of this state and provide maximum opportunities for
employment; to cooperate and act in conjunction with other
organizations, public or private, in the promotion and advancement
of industrial, commercial, agricultural and recreational
developments in this state; and to provide financing for the
promotion, development, and conduct of all kinds of business
activity in this state.
state pursuant to the provisions of this act and all the provisions
of the Oklahoma General Corporation Act not in conflict with or
inconsistent with the provisions of this act shall apply to such
corporation except as hereinafter otherwise provided.
Ten or more persons, a majority of whom shall be residents of
this state, who desire to create a business development corporation
under the provisions of this act, shall by certificate of
incorporation filed with the Secretary of State, under their hands
and seal, set forth:
(1) The name of the corporation, which shall include the words
"Oklahoma Business Development Corporation".
(2) The location of the principal office of the corporation, but
such corporation may have offices in such other places within the
state as may be fixed by the board of directors.
(3) The purpose for which the corporation is founded, which
shall include the following:
The purposes of the corporation shall be to promote, stimulate,
develop and advance to business prosperity and economic welfare of
the State of Oklahoma and its citizens; to encourage and assist
through loans, investments or other business transactions in the
location of new business and industry in this state and to improve
and assist existing business and industry, and so to stimulate and
assist in the expansion of all kinds of business activity which will
tend to promote the business development and maintain the economic
stability of this state and provide maximum opportunities for
employment; to cooperate and act in conjunction with other
organizations, public or private, in the promotion and advancement
of industrial, commercial, agricultural and recreational
developments in this state; and to provide financing for the
promotion, development, and conduct of all kinds of business
activity in this state.
Status: in_force · Read it on the official government site
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