Okla. Stat. tit. 18, § 18-1029: Loans to Employees and Officers - Guaranty of Obligations

of Employees and Officers.

LOANS TO EMPLOYEES AND OFFICERS; GUARANTY OF OBLIGATIONS

OF EMPLOYEES AND OFFICERS

Any corporation may lend money to, or guarantee any obligation

of, or otherwise assist any officer or other employee of the

corporation or of its subsidiary, including any officer or employee

who is a director of the corporation or its subsidiary whenever, in

the judgment of the directors, such loan, guaranty or assistance may

reasonably be expected to benefit the corporation. The loan,

guaranty or other assistance may be with or without interest, and

may be unsecured, or secured in such manner as the board of

directors shall approve, including, without limitation, a pledge of

shares of stock of the corporation. Nothing contained in this

section shall be construed to deny, limit or restrict the powers of

guaranty or warranty of any corporation at common law or under any

statute.