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§ 425. Powers

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 10. Cooperative Corporations
in General
18 Okl.St.Ann. § 425
§ 425. Powers
Each corporation formed under the provisions of this act1 shall have power:
(1) To have succession by its corporate name for the period limited in its certificate.
(2) To sue and be sued, complain and defend in any court.
(3) To establish and use a common seal and alter the same.
(4) To hold, purchase and convey such real and personal property as the purpose of the corporation may require, including stock in subsidiary or allied cooperative corporations within or without the state.
(5) To appoint such officers and agents as the business may require, including in every case a president and secretary, and to fix their compensation.
(6) To make bylaws not inconsistent with law for the management of its property, the regulation of its business and the transfer of its stock.
(7) To exercise all other lawful powers necessary or proper for the exercise of the powers herein conferred.

Credits

Laws 1919, c. 147, p. 212, § 5.

Footnotes

Title 18, § 421 et seq.
18 Okl. St. Ann. § 425, OK ST T. 18 § 425
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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