Okla. Stat. tit. 82, § 82-1324.42: Prohibition of acquisition of district assets or

merger if action leads to control of district unless approved by

Board.

No person shall make an offer for, or enter into any agreement

to exchange, seek to acquire, or acquire, the assets of a district

or corporation if, after the consummation of such action, such

person would directly or indirectly, or by conversion or by exercise

of any right to acquire, be in control of such district or

corporation, and no person shall merge with or otherwise acquire

control of a district or corporation, unless, at the time any such

offer, request or invitation is made or prior to the acquisition of

assets, such person has sent to the Oklahoma Water Resources Board a

statement containing the information required by Section 7 of this

act and such offer, request, invitation, or acquisition has been

approved by the Board in the manner prescribed by Section 8 of this

act.