Oklahoma § 18-1040 - Shares of Stock - Personal Property, Transfer and
Full text of Oklahoma Oklahoma Statutes § 18-1040 — Shares of Stock - Personal Property, Transfer and, with citation guidance and answers to common questions.
§ 18-1040. Shares of Stock - Personal Property, Transfer and
Taxation.
SHARES OF STOCK; PERSONAL PROPERTY, TRANSFER AND TAXATION
The shares of stock in every corporation shall be deemed
personal property and transferable as provided for in the Uniform
Commercial Code - Investment Securities. No stock or bonds issued
by any corporation organized in accordance with the provisions of
the Oklahoma General Corporation Act shall be taxed by this state
Oklahoma Statutes - Title 18. Corporations
when the same shall be owned by nonresidents of this state or by
foreign corporations.
Added by Laws 1986, c. 292, § 40, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-1040
What does Oklahoma Statutes § 18-1040 cover?
Section 18-1040 ("Shares of Stock - Personal Property, Transfer and") 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 § 18-1040?
A common citation format is "Oklahoma Statutes § 18-1040" (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 § 18-1040 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.