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§ 1147. Interested shares--Definition

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 23. Control Share Provisions
General Provisions
18 Okl.St.Ann. § 1147
§ 1147. Interested shares--Definition
Currentness
INTERESTED SHARES; DEFINITION
As used in Sections 1145 through 1155 of this title “interested shares” means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise, as of the applicable record date, of the voting power of the corporation in the election of directors other than solely by the authority of a revocable proxy:
1. The acquiring person;
2. Any officer of the issuing public corporation; or
3. Any employee of the issuing public corporation who is also a director of the corporation.

Credits

Laws 1987, c. 146, § 17, emerg. eff. June 24, 1987; Laws 1990, c. 328, § 8, eff. Sept. 1, 1990; Laws 1991, c. 53, § 5, eff. Sept. 1, 1991.
18 Okl. St. Ann. § 1147, OK ST T. 18 § 1147
Current with legislation of the Second Regular Session of the 59th Legislature (2024) effective as of October 1, 2024. Some sections may be more current, see credits for details.
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