Oklahoma Code § 18-1155

Title 18. Corporations: Rights of dissenting shareholders
Open in Lexace · Ask the AI about this section
RIGHTS OF DISSENTING SHAREHOLDERS
A.  Unless otherwise provided in a corporation's certificate of
incorporation or bylaws before a control share acquisition has
occurred, in the event control shares acquired in a control share
acquisition are accorded full voting rights and the acquiring person
has acquired control shares with a majority or more of all voting
power, all shareholders of the issuing public corporation have
dissenters' rights.

B.  As soon as practicable after such events have occurred, the
board of directors shall cause a notice to be sent to all
shareholders of the corporation advising them of the facts and that
they have dissenters' rights to receive the fair value of their
shares pursuant to Section 1091 of Title 18 of the Oklahoma
Statutes.
C.  As used in this section, "fair value" means a value not less
than the highest price paid per share by the acquiring person in the
control share acquisition.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.