Oklahoma § 18-1155
Full text of Oklahoma Oklahoma Statutes § 18-1155, with citation guidance and answers to common questions.
§ 18-1155.
Rights of dissenting shareholders.
RIGHTS OF DISSENTING SHAREHOLDERS
A. Unless otherwise provided in a corporation's certificate of
incorporation or bylaws before a control share acquisition has
occurred, in the event control shares acquired in a control share
acquisition are accorded full voting rights and the acquiring person
has acquired control shares with a majority or more of all voting
power, all shareholders of the issuing public corporation have
dissenters' rights.
Oklahoma Statutes - Title 18. Corporations
B. As soon as practicable after such events have occurred, the
board of directors shall cause a notice to be sent to all
shareholders of the corporation advising them of the facts and that
they have dissenters' rights to receive the fair value of their
shares pursuant to Section 1091 of Title 18 of the Oklahoma
Statutes.
C. As used in this section, "fair value" means a value not less
than the highest price paid per share by the acquiring person in the
control share acquisition.
Added by Laws 1987, c. 146, § 25, emerg. eff. June 24, 1987.
Frequently Asked Questions About Oklahoma § 18-1155
What does Oklahoma Statutes § 18-1155 cover?
Section 18-1155 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 § 18-1155?
A common citation format is "Oklahoma Statutes § 18-1155" (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 § 18-1155 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.