Oklahoma § 18-426 - Stock
Full text of Oklahoma Oklahoma Statutes § 18-426 — Stock, with citation guidance and answers to common questions.
§ 18-426. Stock
The stock of such corporation shall not be sold at less than its
par value. Twenty percent (20%) of the par value of the stock
Oklahoma Statutes - Title 18. Corporations
subscribed for shall be paid in before the corporation shall
commence business, and the remainder of such subscriptions shall be
paid from time to time upon call of the directors. No certificate
of stock shall be issued to any person until the full amount of the
subscription therefor shall have been paid. No person shall become
a shareholder except by consent of the board of directors. Not more
than ten percent (10%) of the stock outstanding at any time, and not
more than Three Thousand Dollars ($3,000.00) in par value, shall be
held by or for one person, firm or corporation.
Laws 1919, c. 147, p. 212, § 6; Laws 1969, c. 226, § 1.
Frequently Asked Questions About Oklahoma § 18-426
What does Oklahoma Statutes § 18-426 cover?
Section 18-426 ("Stock") 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 § 18-426?
A common citation format is "Oklahoma Statutes § 18-426" (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 § 18-426 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.