{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1029","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1029","heading":"Loans to Employees and Officers - Guaranty of Obligations","body":"of Employees and Officers.\n\nLOANS TO EMPLOYEES AND OFFICERS; GUARANTY OF OBLIGATIONS\n\nOF EMPLOYEES AND OFFICERS\n\nAny corporation may lend money to, or guarantee any obligation\n\nof, or otherwise assist any officer or other employee of the\n\ncorporation or of its subsidiary, including any officer or employee\n\nwho is a director of the corporation or its subsidiary whenever, in\n\nthe judgment of the directors, such loan, guaranty or assistance may\n\nreasonably be expected to benefit the corporation. The loan,\n\nguaranty or other assistance may be with or without interest, and\n\nmay be unsecured, or secured in such manner as the board of\n\ndirectors shall approve, including, without limitation, a pledge of\n\nshares of stock of the corporation. Nothing contained in this\n\nsection shall be construed to deny, limit or restrict the powers of\n\nguaranty or warranty of any corporation at common law or under any\n\nstatute.","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":"52cb917c0ab42ab880c96b5d088ad715c2b0039a698ed993e1f0338ef6595046","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1028","next":"us-ok/okla.-stat.-tit.-18-18-1030"},"notice":"GroundRules: Original legal text. Not legal advice."}