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§ 549. Charitable and educational corporations may engage in business

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 14. Religious, Charitable and Educational Corporations
General Provisions (Refs & Annos)
18 Okl.St.Ann. § 549
§ 549. Charitable and educational corporations may engage in business
Any corporation heretofore or hereafter organized under the laws of the State of Oklahoma for charitable or educational purposes may maintain and carry on any and all kinds of business enterprises that an individual or corporation may lawfully carry on under the laws of the State of Oklahoma as auxiliary enterprises and may do so either directly or through any other corporation or corporations, a majority of whose stock it lawfully owns, in order that additional funds may be obtained with which to carry out only the charitable or educational purposes of such corporation.

Credits

Laws 1923-24, c. 3, p. 4, § 1, emerg. eff. Dec. 6, 1923; Laws 1983, c. 100, § 8, emerg. eff. May 9, 1983.
18 Okl. St. Ann. § 549, OK ST T. 18 § 549
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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