Okla. Stat. tit. 18, § 18-1019: Private foundations; powers and duties

PRIVATE FOUNDATIONS; POWERS AND DUTIES

A corporation of this state which is a private foundation under

the United States internal revenue laws and whose certificate of

incorporation does not expressly provide that this section shall not

apply to it is required to act or to refrain from acting so as not

to subject itself to the taxes imposed by Sections 4941, relating to

taxes on self-dealing, 4942, relating to taxes on failure to

distribute income, 4943, relating to taxes on excess business

holdings, 4944, relating to taxes on investments which jeopardize

charitable purpose, or 4945, relating to taxable expenditures, of

the Internal Revenue Code of 1954, as amended, or corresponding

provisions of any subsequent United States internal revenue law.