Oklahoma § 18-1019
Full text of Oklahoma Oklahoma Statutes § 18-1019, with citation guidance and answers to common questions.
§ 18-1019.
Private foundations; powers and duties.
PRIVATE FOUNDATIONS; POWERS AND DUTIES
A corporation of this state which is a private foundation under
the United States internal revenue laws and whose certificate of
incorporation does not expressly provide that this section shall not
apply to it is required to act or to refrain from acting so as not
to subject itself to the taxes imposed by Sections 4941, relating to
taxes on self-dealing, 4942, relating to taxes on failure to
distribute income, 4943, relating to taxes on excess business
holdings, 4944, relating to taxes on investments which jeopardize
charitable purpose, or 4945, relating to taxable expenditures, of
the Internal Revenue Code of 1954, as amended, or corresponding
provisions of any subsequent United States internal revenue law.
Added by Laws 1986, c. 292, § 19, eff. Nov. 1, 1986.
Amended by
Laws 1987, c. 146, § 2, operative Nov. 1, 1987.
Frequently Asked Questions About Oklahoma § 18-1019
What does Oklahoma Statutes § 18-1019 cover?
Section 18-1019 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-1019?
A common citation format is "Oklahoma Statutes § 18-1019" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-1019 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.