Oklahoma § 18-1037

§ 18-1037.

Partly paid shares.

PARTLY PAID SHARES

Any corporation may issue the whole or any part of its shares as

partly paid and subject to call for the remainder of the

consideration to be paid therefor. Upon the face or back of each

stock certificate issued to represent any partly paid shares, or

upon the books and records of the corporation in the case of

uncertificated partly paid shares, the total amount of the

consideration to be paid therefor and the amount paid thereon shall

be stated and the corporation shall comply with applicable

provisions of Section 8-209 of Title 12A of the Oklahoma Statutes.

Upon the declaration of any dividend on fully paid shares, the

corporation shall declare a dividend upon partly paid shares of the

same class, but only upon the basis of the percentage of the

consideration actually paid thereon.

Added by Laws 1986, c. 292, § 37, eff. Nov. 1, 1986. Amended by

Laws 1999, c. 141, § 3, eff. Nov. 1, 1999.