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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-8-210: Overissue

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Where this section sits in the code
  1. OK Code
  2. Title 12A

Overissue.

(a) In this section, "overissue" means the issue of securities

in excess of the amount the issuer has corporate power to issue, but

an overissue does not occur if appropriate action has cured the

overissue.

(b) Except as otherwise provided in subsections (c) and (d) of

this section, the provisions of this article which validate a

security or compel its issue or reissue do not apply to the extent

that validation, issue, or reissue would result in overissue.

(c) If an identical security not constituting an overissue is

reasonably available for purchase, a person entitled to issue or

validation may compel the issuer to purchase the security and

deliver it if certificated or register its transfer if

uncertificated, against surrender of any security certificate the

person holds.

(d) If a security is not reasonably available for purchase, a

person entitled to issue or validation may recover from the issuer

the price the person or the last purchaser for value paid for it

with interest from the date of the person's demand.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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