{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-8-210","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-8-210","heading":"Overissue","body":"Overissue.\n\n(a) In this section, \"overissue\" means the issue of securities\n\nin excess of the amount the issuer has corporate power to issue, but\n\nan overissue does not occur if appropriate action has cured the\n\noverissue.\n\n(b) Except as otherwise provided in subsections (c) and (d) of\n\nthis section, the provisions of this article which validate a\n\nsecurity or compel its issue or reissue do not apply to the extent\n\nthat validation, issue, or reissue would result in overissue.\n\n(c) If an identical security not constituting an overissue is\n\nreasonably available for purchase, a person entitled to issue or\n\nvalidation may compel the issuer to purchase the security and\n\ndeliver it if certificated or register its transfer if\n\nuncertificated, against surrender of any security certificate the\n\nperson holds.\n\n(d) If a security is not reasonably available for purchase, a\n\nperson entitled to issue or validation may recover from the issuer\n\nthe price the person or the last purchaser for value paid for it\n\nwith interest from the date of the person's demand.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"547cecad49bbd0974aed23a3862e7c1146fcc342af3c3ce0eac260761e276ac3","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-8-209","next":"us-ok/okla.-stat.-tit.-12a-12a-8-301"},"notice":"GroundRules: Original legal text. Not legal advice."}