{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1052","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1052","heading":"Declaration and Payment of Dividends","body":"DECLARATION AND PAYMENT OF DIVIDENDS\n\nNo corporation shall pay dividends except in accordance with the\n\nprovisions of the Oklahoma General Corporation Act. Dividends may\n\nbe paid in cash, in property, or in shares of the corporation's\n\ncapital stock. If the dividend is to be paid in shares of the\n\ncorporation's theretofore unissued capital stock, the board of\n\ndirectors, by resolution, shall direct that there be designated as\n\ncapital in respect of such shares an amount which is not less than\n\nthe aggregate par value of par value shares being declared as a\n\ndividend and, in the case of shares without par value being declared\n\nas a dividend, such amount as shall be determined by the board of\n\ndirectors. No such designation as capital shall be necessary if\n\nshares are being distributed by a corporation pursuant to a split-up\n\nor division of its stock rather than as payment of a dividend\n\ndeclared payable in stock of the corporation.","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":"3ebf12850f9f0cda3ca12cc0e57f3b44bd5c0888175a533372b0207399d4eb1a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1051","next":"us-ok/okla.-stat.-tit.-18-18-1053"},"notice":"GroundRules: Original legal text. Not legal advice."}