{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1047.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1047.2","heading":"Judicial proceedings to compel issuance of new","body":"certificate or uncertificated shares.\n\nJUDICIAL PROCEEDINGS TO COMPEL ISSUANCE OF NEW CERTIFICATE OR\n\nUNCERTIFICATED SHARES\n\nA. If a corporation refuses to issue new uncertificated shares\n\nor a new certificate of stock in place of a certificate previously\n\nissued by it, or by any corporation of which it is the lawful\n\nsuccessor, that is alleged to have been lost, stolen, or destroyed,\n\nthe owner of the lost, stolen, or destroyed certificate or such\n\nowner’s legal representative may apply to the district court for an\n\norder requiring the corporation to show cause why it should not\n\nissue new uncertificated shares or a new certificate of stock in\n\nplace of the certificate that is lost, stolen, or destroyed. Such\n\napplication shall be by a complaint which shall state the name of\n\nthe corporation, the number and date of the certificate if known or\n\nascertainable by the plaintiff, the number of shares of stock\n\nrepresented thereby and to whom issued, and a statement of the\n\ncircumstances attending to the loss, theft, or destruction. The\n\ncourt shall order the corporation to show cause at a designated time\n\nand place, as to why it should not issue new uncertificated shares\n\nor a new certificate of stock in place of the one described in the\n\ncomplaint. A copy of the complaint and order shall be served upon\n\nthe corporation at least five (5) days before the time designated in\n\nthe order.\n\nB. Upon hearing, if the district court is satisfied that the\n\nplaintiff is the lawful owner of the number of shares of capital\n\nstock or any part thereof described in the complaint, that the\n\ncertificate for such shares has been lost, stolen, or destroyed, and\n\nthat no sufficient cause has been shown why new uncertificated\n\nshares or a new certificate should not be issued in place thereof,\n\nthe court shall order the corporation to issue and deliver to the\n\nplaintiff new uncertificated shares or a new certificate for such\n\nshares. The court shall direct in such order that, before the\n\nissuance and delivery to the plaintiff of such new uncertificated\n\nshares or a new certificate, the plaintiff give the corporation a\n\nbond in such form and with such security that the court deems\n\nsufficient to indemnify the corporation against any claim that may\n\nbe made against it on account of the alleged loss, theft, or\n\ndestruction of any such certificate or the issuance of such new\n\nuncertificated shares or new certificate. No corporation which has\n\nissued uncertificated shares or a certificate under a court order\n\nentered under this section shall be liable in an amount in excess of\n\nthe amount specified in the bond.","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":"aed0555dcf39b9891179d33078b1bc35676275f16362d6429367fbea4b52165d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1047.1","next":"us-ok/okla.-stat.-tit.-18-18-1048"},"notice":"GroundRules: Original legal text. Not legal advice."}