Okla. Stat. tit. 17, § 17-158.51: Offers, requests, invitations and acquisitions -

Conflict of interests - Statement - Approval.

No person shall make an offer for, or enter into any agreement

to exchange, seek to acquire, or acquire the assets of a rural

electric cooperative regulated by the Corporation Commission if,

after the consummation of such action, such person would directly or

indirectly, or by conversion or by exercise of any right to acquire,

be in control of such rural electric cooperative, and no person

shall merge with or otherwise acquire control of a rural electric

cooperative, except pursuant to Section 437.13 of Title 18 of the

Oklahoma Statutes, unless, at the time any such offer, request or

invitation is made or prior to the acquisition of assets, such

person has filed with the Commission and has sent to such rural

electric cooperative a statement containing the information required

by Section 3 of this act and such offer, request, invitation, or

acquisition has been approved by the Commission in the manner

prescribed in Section 4 of this act.