Okla. Stat. tit. 18, § 18-905
This is the official text of Okla. Stat. tit. 18, § 18-905, 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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Limitation on amount of capital stock acquired by member -
Official statutory text
Minimum capital stock.
(1) Notwithstanding any other provision of law, any person,
corporation, public utility, financial institution, or labor union,
may acquire, hold, sell, assign, transfer, mortgage, pledge, or
otherwise dispose of any bonds, notes, debentures, securities, or
other evidences of indebtedness, or the shares of capital stock of a
corporation created hereunder; provided that the amount of capital
stock which may be acquired by any member of such corporation shall
not exceed ten percent (10%) of the loan limit of such member.
Oklahoma Statutes - Title 18. Corporations Page 286
(2) The capital stock of any such corporation shall be not less
than Two Hundred Fifty Thousand Dollars ($250,000.00) to be
evidenced by two thousand five hundred (2,500) shares, having a par
value of One Hundred Dollars ($100.00) each, at least ten percent
(10%) of the capital stock of any such corporation shall be paid
into the treasury before it is authorized to transact any business
other than such as relates to its organization.
(1) Notwithstanding any other provision of law, any person,
corporation, public utility, financial institution, or labor union,
may acquire, hold, sell, assign, transfer, mortgage, pledge, or
otherwise dispose of any bonds, notes, debentures, securities, or
other evidences of indebtedness, or the shares of capital stock of a
corporation created hereunder; provided that the amount of capital
stock which may be acquired by any member of such corporation shall
not exceed ten percent (10%) of the loan limit of such member.
Oklahoma Statutes - Title 18. Corporations Page 286
(2) The capital stock of any such corporation shall be not less
than Two Hundred Fifty Thousand Dollars ($250,000.00) to be
evidenced by two thousand five hundred (2,500) shares, having a par
value of One Hundred Dollars ($100.00) each, at least ten percent
(10%) of the capital stock of any such corporation shall be paid
into the treasury before it is authorized to transact any business
other than such as relates to its organization.
Status: in_force · Read it on the official government site
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