Oklahoma § 18-1201 - Short title - Oklahoma Benefit Corporation Act Applicability
Full text of Oklahoma Oklahoma Statutes § 18-1201 — Short title - Oklahoma Benefit Corporation Act Applicability, with citation guidance and answers to common questions.
§ 18-1201. Short title - Oklahoma Benefit Corporation Act Applicability
A. This act shall be known and may be cited as the "Oklahoma
Benefit Corporation Act". This act shall be applicable to all
benefit corporations.
B. The existence of a provision of this act shall not of itself
create an implication that a contrary or different rule is
applicable to a corporation that is not a benefit corporation. This
act shall not affect a statute or rule that is applicable to a
corporation that is not a benefit corporation.
C. Except as otherwise provided in this act, the Oklahoma
General Corporation Act shall be generally applicable to all benefit
corporations that are not state banks or trust companies. A benefit
corporation that is not a state bank or trust company may be subject
simultaneously to this act and the Oklahoma General Corporation Act,
Professional Entity Act and other applicable business formation
statutes; however, the provisions of this act shall control over the
provisions of the Oklahoma General Corporation Act, Professional
Entity Act and other applicable business formation statutes where
there is a conflict.
D. Except as otherwise provided in this act, the Oklahoma
Banking Code shall be generally applicable to all benefit
corporations that are state banks or trust companies. A benefit
corporation that is a state bank or trust company may be subject
simultaneously to this act and the Oklahoma Banking Code; however,
the provisions of this act shall control over the provisions of the
Oklahoma Banking Code where there is a conflict.
E. A provision of the certificate of incorporation or bylaws of
a benefit corporation shall not limit, be inconsistent with or
supersede a provision of this act.
Added by Laws 2019, c. 45, § 1, eff. Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-1201
What does Oklahoma Statutes § 18-1201 cover?
Section 18-1201 ("Short title - Oklahoma Benefit Corporation Act Applicability") 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 § 18-1201?
A common citation format is "Oklahoma Statutes § 18-1201" (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 § 18-1201 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.