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§ 902. Definitions

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 20. Oklahoma Business Development Corporation Act
18 Okl.St.Ann. § 902
§ 902. Definitions
As used in this act1, 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.
(6) “Shareholder” means the holder of record of shares in the corporation.


Laws 1970, c. 187, § 2, emerg. eff. April 13, 1970.


Title 18, § 901 et seq.
18 Okl. St. Ann. § 902, OK ST T. 18 § 902
Current with legislation of the First Regular Session of the 59th Legislature (2023) and the First Extraordinary Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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