Oklahoma § 18-425 - Powers

§ 18-425. Powers

Each corporation formed under the provisions of this act shall

have power:

(1) To have succession by its corporate name for the period

limited in its certificate.

(2) To sue and be sued, complain and defend in any court.

(3) To establish and use a common seal and alter the same.

(4) To hold, purchase and convey such real and personal property

as the purpose of the corporation may require, including stock in

subsidiary or allied cooperative corporations within or without the

state.

(5) To appoint such officers and agents as the business may

require, including in every case a president and secretary, and to

fix their compensation.

(6) To make bylaws not inconsistent with law for the management

of its property, the regulation of its business and the transfer of

its stock.

(7) To exercise all other lawful powers necessary or proper for

the exercise of the powers herein conferred.

Laws 1919, c. 147, p. 212, § 5.