Oklahoma § 6-703 - Liability of preferred shareholders
Full text of Oklahoma Oklahoma Statutes § 6-703 — Liability of preferred shareholders, with citation guidance and answers to common questions.
§ 6-703. Liability of preferred shareholders
The holders of preferred stock shall not be held individually
responsible as such holders for any debts, contracts, or engagements
of the bank or trust company and shall not be liable for assessments
to restore impairment in the capital of such corporation as now
provided by law with reference to holders of common stock.
Added by Laws 1965, c. 161, § 703.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-703
What does Oklahoma Statutes § 6-703 cover?
Section 6-703 ("Liability of preferred shareholders") 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 § 6-703?
A common citation format is "Oklahoma Statutes § 6-703" (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 § 6-703 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.