Oklahoma § 18-1154
Full text of Oklahoma Oklahoma Statutes § 18-1154, with citation guidance and answers to common questions.
§ 18-1154.
Redemption of control shares.
REDEMPTION OF CONTROL SHARES
A. If authorized in a corporation's certificate of
incorporation or bylaws before a control share acquisition has
occurred, control shares acquired in a control share acquisition
with respect to which no acquiring person statement has been filed
with the issuing public corporation may, at any time during the
period ending sixty (60) days after the last acquisition of control
shares by the acquiring person, be subject to redemption by the
corporation at the fair value thereof pursuant to the procedures
adopted by the corporation.
B. Control shares acquired in a control share acquisition are
not subject to redemption after an acquiring person statement has
been filed unless the shares are not accorded full voting rights by
the shareholders as provided in Section 23 of this act.
Added by Laws 1987, c. 146, § 24, emerg. eff. June 24, 1987.
Frequently Asked Questions About Oklahoma § 18-1154
What does Oklahoma Statutes § 18-1154 cover?
Section 18-1154 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 § 18-1154?
A common citation format is "Oklahoma Statutes § 18-1154" (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 § 18-1154 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.