Okla. Stat. tit. 6, § 6-405.1: Authorized but unissued stock

Any bank or trust company, with the written approval of the

Commissioner and by majority vote of the outstanding voting stock,

may by proper amendment to its certificate of incorporation

authorize an increase in the common stock of the bank in the

category of authorized but unissued stock. Such authorized but

unissued stock may be issued from time to time to employees of the

bank pursuant to a stock option or stock purchase plan adopted in

accordance with the provisions of Section 40 of this act or in

exchange for convertible preferred stock or convertible capital

debentures in accordance with the terms and provisions of such

securities. Authorized but unissued stock may also be issued from

time to time for such other purposes and considerations as may be

approved by the board of directors of the bank and by the written

approval of the Commissioner.