Oklahoma § 6-708 - Common stock dividend on retirement of preferred stock
Full text of Oklahoma Oklahoma Statutes § 6-708 — Common stock dividend on retirement of preferred stock, with citation guidance and answers to common questions.
§ 6-708. Common stock dividend on retirement of preferred stock
The certificate of incorporation, or as the same may be amended,
of any such bank or trust company may provide that upon retirement
of any preferred stock of such bank or trust company issued pursuant
to the provisions of this Code, the board of directors may, without
further action of its stockholders, and without further action of
the Commissioner, declare and pay a common stock dividend by the
issuance of shares or fractional shares of common stock equal in
aggregate par value to the aggregate par value of the preferred
stock so retired.
Added by Laws 1965, c. 161, § 708. Amended by Laws 1997, c. 111, §
63, eff. July 1, 1997.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-708
What does Oklahoma Statutes § 6-708 cover?
Section 6-708 ("Common stock dividend on retirement of preferred 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 § 6-708?
A common citation format is "Oklahoma Statutes § 6-708" (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 § 6-708 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.