Oklahoma § 18-1151
Full text of Oklahoma Oklahoma Statutes § 18-1151, with citation guidance and answers to common questions.
§ 18-1151.
rights.
Shareholder meeting to determine control share voting
SHAREHOLDER MEETING TO DETERMINE CONTROL
SHARE VOTING RIGHTS
A. If, at the time of delivery of an acquiring person
statement, the acquiring person requests a special meeting and gives
an undertaking to pay the corporation's expenses of the special
meeting, within ten (10) days thereafter, the directors of the
issuing public corporation shall call a special meeting of
shareholders of the issuing public corporation for the purpose of
considering the voting rights to be accorded the shares acquired or
to be acquired in the control share acquisition.
B. Unless the acquiring person agrees in writing to another
date, the special meeting of shareholders shall be held within fifty
(50) days after receipt by the issuing public corporation of the
request.
C. If no request is made, the voting rights to be accorded the
shares acquired in the control share acquisition shall be presented
to the next special or annual meeting of shareholders.
D. If the acquiring person so requests in writing at the time
of delivery of the acquiring person statement, the special meeting
shall not be held sooner than thirty (30) days after receipt by the
issuing public corporation of the acquiring person statement.
Added by Laws 1987, c. 146, § 21, emerg. eff. June 24, 1987.
Frequently Asked Questions About Oklahoma § 18-1151
What does Oklahoma Statutes § 18-1151 cover?
Section 18-1151 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 § 18-1151?
A common citation format is "Oklahoma Statutes § 18-1151" (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 § 18-1151 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.