{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1028","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1028","heading":"Officers - Titles, Duties, Selection, Term - Failure to","body":"Elect - Vacancies.\n\nOFFICERS; TITLES, DUTIES, SELECTION, TERM;\n\nFAILURE TO ELECT; VACANCIES\n\nA. Every corporation organized in accordance with the\n\nprovisions of the Oklahoma General Corporation Act shall have such\n\nofficers with such titles and duties as shall be stated in the\n\nbylaws or in a resolution of the board of directors which is not\n\ninconsistent with the bylaws and as may be necessary to enable it to\n\nsign instruments and stock certificates which comply with the\n\nprovisions of paragraph 2 of subsection A of Section 7 and Section\n\n39 of this act. One of the officers shall have the duty to record\n\nthe proceedings of the meetings of the shareholders and directors in\n\na book to be kept for that purpose. Any number of offices may be\n\nheld by the same person unless the certificate of incorporation or\n\nbylaws provide otherwise.\n\nB. Officers shall be chosen in such manner and shall hold their\n\noffices for such terms as are prescribed by the bylaws or determined\n\nby the board of directors or other governing body. Each officer\n\nshall hold his office until his successor is elected and qualified\n\nor until his earlier resignation or removal. Any officer may resign\n\nat any time upon written notice to the corporation.\n\nC. The corporation may secure the fidelity of any or all of its\n\nofficers or agents by bond or otherwise.\n\nD. A failure to elect officers shall not dissolve or otherwise\n\naffect the corporation.\n\nE. Any vacancy occurring in any office of the corporation by\n\ndeath, resignation, removal or otherwise, shall be filled as the\n\nbylaws provide. In the absence of such provision, the vacancy shall\n\nbe filled by the board of directors or other governing body.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7a1a840404570a403c34012dcc1739a9e2b5f82eae8ffe24bcb084a68e7eecea","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1027","next":"us-ok/okla.-stat.-tit.-18-18-1029"},"notice":"GroundRules: Original legal text. Not legal advice."}