§ 1028. Officers; titles, duties, selection, term; failure to elect; vacancies
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 1028
§ 1028. Officers; titles, duties, selection, term; failure to elect; vacancies
A. Every corporation organized in accordance with the provisions of the Oklahoma General Corporation Act1 shall have such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the board of directors which is not inconsistent with the bylaws and as may be necessary to enable it to sign instruments and stock certificates which comply with the provisions of paragraph 2 of subsection A of Section 72 and Section 39 of this act.3 One of the officers shall have the duty to record the proceedings of the meetings of the shareholders and directors in a book to be kept for that purpose. Any number of offices may be held by the same person unless the certificate of incorporation or bylaws provide otherwise.
B. Officers shall be chosen in such manner and shall hold their offices for such terms as are prescribed by the bylaws or determined by the board of directors or other governing body. Each officer shall hold his office until his successor is elected and qualified or until his earlier resignation or removal. Any officer may resign at any time upon written notice to the corporation.
Credits
Laws 1986, c. 292, § 28, eff. Nov. 1, 1986.
18 Okl. St. Ann. § 1028, OK ST T. 18 § 1028
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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