Oklahoma § 74-9103 - Not-for-profit foundation
Full text of Oklahoma Oklahoma Statutes § 74-9103 — Not-for-profit foundation, with citation guidance and answers to common questions.
§ 74-9103. Not-for-profit foundation
A. There is hereby authorized the establishment of a not-forprofit foundation to raise funds for the Mental Wellness Division
Revolving Fund, created in Section 2 of this act, and the
achievement of the goals of this act.
Oklahoma Statutes - Title 74. State Government
B. The foundation created pursuant to this section may receive
funds from any public or private source to carry out the purposes of
this act including, but not limited to, gifts or grants from any
department, agency, or instrumentality of the United States or of
this state for any purpose consistent with the provisions of this
act.
C. Upon proper incorporation, the foundation shall secure taxexempt status under the appropriate provision of Section 501(c) of
the Internal Revenue Code, 26 U.S.C., Section 501(c).
D. Any member of the foundation who may have a financial
interest in an action under consideration by the foundation shall
abstain from voting on such matter.
Added by Laws 2022, c. 165, § 3.
Frequently Asked Questions About Oklahoma § 74-9103
What does Oklahoma Statutes § 74-9103 cover?
Section 74-9103 ("Not-for-profit foundation") 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 § 74-9103?
A common citation format is "Oklahoma Statutes § 74-9103" (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 § 74-9103 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.