Okla. Stat. tit. 18, § 18-381.31: Directors

A. The operating and business policies of each association

shall be directed by a board of directors of not less than five nor

more than fifteen persons elected by a majority of the votes of the

members or stockholders present in person or by proxy at the annual

meeting. Directors need not be members or stockholders unless so

required by the association's certificate of incorporation or

bylaws. A majority of the directors shall be bona fide residents of

this state. Directors may be elected for a longer term than one (1)

year if the bylaws so provide, but no director may be elected for a

term longer than three (3) years, and the terms of at least two

directors shall expire each year.

B. If a vacancy occurs with respect to the board of directors,

the remaining directors, though less than a quorum, may fill such

vacancy by electing a director or directors to serve the remainder

of the unexpired term for the class of directors in which such

vacancies exist.

C. The board of directors shall meet each year, following the

annual members' or stockholders' meeting, and shall elect the

officers at such meeting. Such additional meetings of the board of

directors shall or may be held as the bylaws shall require or

permit. A majority of the directors, if present at any meeting,

shall constitute a quorum unless the bylaws otherwise provide.