§ 552.24. Notice to Attorney General before certain events--Notice to charitable organizations ...
Oklahoma Statutes AnnotatedTitle 18. CorporationsEffective: November 1, 2023
Effective: November 1, 2023
18 Okl.St.Ann. § 552.24
§ 552.24. Notice to Attorney General before certain events--Notice to charitable organizations of objections by Attorney General
Such events shall not include a grant or other donation by a charitable organization in the ordinary course of its operation and consistent with its past practice.
D. A transfer of a charitable asset in connection with an event described in subsection B or C of this section which occurs earlier than forty-five (45) days after giving the notice required in subsection B or C of this section shall be a violation of this section unless before the transfer, the charitable organization receives written consent from the Attorney General to the event or written notice from the Attorney General that the Attorney General will take no action related to the event.
E. A charitable organization required to register under Section 552.3 of Title 18 of the Oklahoma Statutes shall give written notice to the Attorney General no later than twenty (20) days after receipt of a notice of revocation, modification, or denial of its federal charitable income tax exemption.
F. In reviewing any event for which notice is required under subsection B or C of this section, the Attorney General shall consider, among other relevant factors as determined by the Attorney General, the value of the assets or interests transferred, the person or entity to which such transfer is made, the purpose of the transfer, the source of the assets, whether the assets consist of donated funds or property, the donors' intent to the extent it can be determined, and any expression of support by the board of directors and the voting members of the charitable organization that proposes to make the transfer.
G. If the Attorney General objects to any event for which notice is required under subsection B or C of this section, the Attorney General shall give written notice to the charitable organization of the objection. Either the Attorney General or the charitable organization may file an action with the district court of the county in which the charitable organization is located to obtain a review by such district court of the objection of the Attorney General.
Credits
Laws 2023, c. 313, § 1, eff. Nov. 1, 2023.
18 Okl. St. Ann. § 552.24, OK ST T. 18 § 552.24
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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