Oklahoma § 18-1150

§ 18-1150.

Notice of control share acquisition.

NOTICE OF CONTROL SHARE ACQUISITION

Any acquiring person who proposes to make a control share

acquisition may, at the person's election, and any acquiring person

who has made a control share acquisition shall, deliver an acquiring

person statement to the issuing public corporation at the issuing

public corporation's principal office. The acquiring person

statement must set forth all of the following:

1. The identity of the acquiring person;

2. A statement that the acquiring person statement is given

pursuant to Sections 1145 through 1155 of this title;

3. The number of shares of the issuing public corporation

owned, directly or indirectly, by the acquiring person, the

acquisition date and the prices at which such shares were acquired;

4. The voting power to which the acquiring person, except for

Section 1149 of this title, would be entitled;

5. A form of resolution to be considered by the shareholders

pursuant to Section 1153 of this title; and

6. If the control share acquisition has not yet occurred:

a.

a description in reasonable detail of the terms of the

proposed control share acquisition, and

Oklahoma Statutes - Title 18. Corporations

b.

representations of the acquiring person, together with

a statement in reasonable detail of the facts upon

which they are based, that the proposed control share

acquisition, if consummated, will not be contrary to

law, and that the acquiring person has the financial

capacity to make the proposed control share

acquisition.

Added by Laws 1987, c. 146, § 20, emerg. eff. June 24, 1987.

Amended by Laws 1991, c. 53, § 9, eff. Sept. 1, 1991.