Oklahoma § 18-1052
Full text of Oklahoma Oklahoma Statutes § 18-1052, with citation guidance and answers to common questions.
§ 18-1052.
Declaration and Payment of Dividends.
DECLARATION AND PAYMENT OF DIVIDENDS
No corporation shall pay dividends except in accordance with the
provisions of the Oklahoma General Corporation Act. Dividends may
be paid in cash, in property, or in shares of the corporation's
capital stock. If the dividend is to be paid in shares of the
Oklahoma Statutes - Title 18. Corporations
corporation's theretofore unissued capital stock, the board of
directors, by resolution, shall direct that there be designated as
capital in respect of such shares an amount which is not less than
the aggregate par value of par value shares being declared as a
dividend and, in the case of shares without par value being declared
as a dividend, such amount as shall be determined by the board of
directors. No such designation as capital shall be necessary if
shares are being distributed by a corporation pursuant to a split-up
or division of its stock rather than as payment of a dividend
declared payable in stock of the corporation.
Added by Laws 1986, c. 292, § 52, eff. Nov. 1, 1986.
Frequently Asked Questions About Oklahoma § 18-1052
What does Oklahoma Statutes § 18-1052 cover?
Section 18-1052 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 § 18-1052?
A common citation format is "Oklahoma Statutes § 18-1052" (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 § 18-1052 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.