Oklahoma § 18-1039

§ 18-1039.

Stock certificates – Uncertificated shares.

STOCK CERTIFICATES; UNCERTIFICATED SHARES

The shares of a corporation shall be represented by

certificates, provided that the board of directors of the

corporation may provide by resolution or resolutions that some or

all of any or all classes or series of its stock shall be

uncertificated shares. Any such resolution shall not apply to

shares represented by a certificate until the certificate is

surrendered to the corporation. Every holder of stock represented

by certificates shall be entitled to have a certificate signed by,

or in the name of, the corporation by any two authorized officers of

the corporation representing the number of shares registered in

certificate form. Any or all the signatures on the certificate may

be a facsimile. In case any officer, transfer agent, or registrar

who has signed or whose facsimile signature has been placed upon a

certificate shall have ceased to be such officer, transfer agent, or

registrar before the certificate is issued, it may be issued by the

corporation with the same effect as if he were such officer,

transfer agent or registrar at the date of issue. A corporation

shall not have the power to issue a certificate in bearer form.

Added by Laws 1986, c. 292, § 39, eff. Nov. 1, 1986. Amended by

Laws 2004, c. 255, § 9, eff. Nov. 1, 2004; Laws 2008, c. 253, § 8;

Laws 2017, c. 323, § 8, eff. Nov. 1, 2017.

NOTE: Laws 2008, c. 382, § 315, which changed the effective date of

Laws 2008, c. 253, §§ 1-47 to Jan. 1, 2010, was held

unconstitutional by the Oklahoma Supreme Court in the case of

Weddington v. Henry, 202 P.3d 143, 2008 OK 102 (2009).