Oklahoma § 18-902 - Definitions
Full text of Oklahoma Oklahoma Statutes § 18-902 — Definitions, with citation guidance and answers to common questions.
§ 18-902. Definitions
As used in this act, unless a different meaning is required by
the context, the following words and phrases shall have the
following meanings:
(1) "Corporation" means the Oklahoma Business Development
Corporation created under the provisions of this act.
(2) "Financial institution" means any bank, trust company,
savings and loan association, insurance company, or other
institution engaged in lending or investing funds.
(3) "Member" means any financial institution which shall
undertake to lend money to a corporation created under the
provisions of this act.
(4) "Board of directors" means the board of directors of a
corporation created under this act.
(5) "Loan limit" for any member means the maximum amount
permitted to be outstanding at one time on loans made by such member
to a corporation as determined under the provisions of this act.
Oklahoma Statutes - Title 18. Corporations
(6) "Shareholder" means the holder of record of shares in the
corporation.
Laws 1970, c. 187, § 2, emerg. eff. April 13, 1970.
Frequently Asked Questions About Oklahoma § 18-902
What does Oklahoma Statutes § 18-902 cover?
Section 18-902 ("Definitions") 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 § 18-902?
A common citation format is "Oklahoma Statutes § 18-902" (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 § 18-902 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.