Okla. Stat. tit. 36, § 36-2420: Policyholders; rights to purchase stock; sale of stock

not purchased.

If such mutual benefit association be converted into a stock

legal reserve life insurance company each and every policyholder or

certificate holder shall have the exclusive right for thirty (30)

days after the conversion is approved at the policyholders' meeting

and the mailing of the notice thereof to purchase that proportion of

the total stock offered for sale as the amount of his insurance

bears to the association's total insurance in force at the time of

conversion. Any stock not purchased by the policyholders may then

be sold by the board of directors.