Oklahoma § 18-1062

§ 18-1062.

of Stock.

Voting Rights of Fiduciaries, Pledgors and Joint Owners

VOTING RIGHTS OF FIDUCIARIES, PLEDGORS

AND JOINT OWNERS OF STOCK

A. Persons holding stock in a fiduciary capacity shall be

entitled to vote the shares so held. Persons whose stock is pledged

shall be entitled to vote, unless in the transfer by the pledgor on

the books of the corporation he has expressly empowered the pledgee,

to vote thereon, in which case only the pledgee, or his proxy may

represent such stock and vote thereon.

B. If shares or other securities having voting power stand of

record in the names of two (2) or more persons, whether fiduciaries,

members of a partnership, joint tenants, tenants in common, tenants

by the entirety or otherwise, or if two (2) or more persons have the

same fiduciary relationship respecting the same shares, unless the

secretary of the corporation is given written notice to the contrary

and is furnished with a copy of the instrument or order appointing

them or creating the relationship wherein it is so provided, their

acts with respect to voting shall have the following effect:

1. If only one (1) vote, his act binds all; or

2. If more than one (1) vote, the act of the majority so voting

binds all; or

Oklahoma Statutes - Title 18. Corporations

3. If more than one (1) vote, but the vote is evenly split on

any particular matter, each faction may vote the securities in

question proportionally, or any person voting the shares, or a

beneficiary, if any, may apply to the district court to appoint an

additional person to act with the persons so voting the shares,

which shall then be voted as determined by a majority of such

persons and the person appointed by such court. If the instrument

so filed shows that any such tenancy is held in unequal interests, a

majority or even-split for the purpose of this subsection shall be a

majority or even-split in interest.

Added by Laws 1986, c. 292, § 62, eff. Nov. 1, 1986.