GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-905: Limitation on amount of capital stock acquired by member -

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 18

Minimum capital stock.

(1) Notwithstanding any other provision of law, any person,

corporation, public utility, financial institution, or labor union,

may acquire, hold, sell, assign, transfer, mortgage, pledge, or

otherwise dispose of any bonds, notes, debentures, securities, or

other evidences of indebtedness, or the shares of capital stock of a

corporation created hereunder; provided that the amount of capital

stock which may be acquired by any member of such corporation shall

not exceed ten percent (10%) of the loan limit of such member.

(2) The capital stock of any such corporation shall be not less

than Two Hundred Fifty Thousand Dollars ($250,000.00) to be

evidenced by two thousand five hundred (2,500) shares, having a par

value of One Hundred Dollars ($100.00) each, at least ten percent

(10%) of the capital stock of any such corporation shall be paid

into the treasury before it is authorized to transact any business

other than such as relates to its organization.

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

Browse this collection