§ 1155. Rights of dissenting shareholders
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 1155
§ 1155. 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.
Credits
Laws 1987, c. 146, § 25, emerg. eff. June 24, 1987.
18 Okl. St. Ann. § 1155, OK ST T. 18 § 1155
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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