{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1063","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1063","heading":"Voting trusts and other voting agreements","body":"VOTING TRUSTS AND OTHER VOTING AGREEMENTS\n\nA. One (1) or more shareholders, by agreement in writing, may\n\ndeposit capital stock of an original issue with or transfer capital\n\nstock to any person or persons, or entity or entities, authorized to\n\nact as trustee, for the purpose of vesting in the person or persons,\n\nor entity or entities, who may be designated voting trustee, or\n\nvoting trustees, the right to vote thereon for any period of time\n\ndetermined by the agreement upon the terms and conditions stated in\n\nthe agreement. The agreement may contain any other lawful\n\nprovisions not inconsistent with its purpose. After delivery of a\n\ncopy of the agreement to the registered office of the corporation in\n\nthis state or the principal place of business of the corporation,\n\nwhich copy shall be open to the inspection of any shareholder of the\n\ncorporation or any beneficiary of the trust under the agreement\n\ndaily during business hours, certificates of stock or uncertificated\n\nstock shall be issued to the voting trustee or trustees to represent\n\nany stock of an original issue so deposited with the trustee or\n\ntrustees, and any certificates of stock or uncertificated stock so\n\ntransferred to the voting trustee or trustees shall be surrendered\n\nand canceled and new certificates or uncertificated stock shall be\n\nissued therefor to the voting trustee or trustees. In the\n\ncertificate so issued, if any, it shall be stated that it is issued\n\npursuant to the agreement and that fact shall also be stated in the\n\nstock ledger of the corporation. The voting trustee or trustees may\n\nvote the stock so issued or transferred during the period specified\n\nin the agreement. Stock standing in the name of the voting trustee\n\nor trustees may be voted either in person or by proxy. In voting\n\nthe stock, the voting trustee or trustees shall incur no\n\nresponsibility as shareholder, trustee, or otherwise, except for the\n\ntrustee's or trustees' own individual malfeasance. In any case\n\nwhere two (2) or more persons or entities are designated as voting\n\ntrustees, and the right and method of voting any stock standing in\n\ntheir names at any meeting of the corporation are not fixed by the\n\nagreement appointing the trustees, the right to vote the stock and\n\nthe manner of voting it at the meeting shall be determined by a\n\nmajority of the trustees, or if they be equally divided or the right\n\nand manner of voting the stock in any particular case, the vote of\n\nthe stock shall be divided equally among the trustees.\n\nB. Any amendment to a voting trust agreement shall be made by a\n\nwritten agreement, a copy of which shall be delivered to the\n\nregistered office of the corporation in this state or the principal\n\nplace of business of the corporation.\n\nC. An agreement between two (2) or more shareholders, if in\n\nwriting and signed by the parties thereto, may provide that in\n\nexercising any voting rights, the shares held by them shall be voted\n\nas provided by the agreement, or as the parties may agree, or as\n\ndetermined in accordance with a procedure agreed upon by them.\n\nD. This section shall not be construed to invalidate any voting\n\nor other agreement among shareholders or any irrevocable proxy which\n\nis not otherwise illegal.","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":"5ea721ae0038040bf827d73c245cbd2496ce0c38532db481d9002d907ebfc73a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1062","next":"us-ok/okla.-stat.-tit.-18-18-1064"},"notice":"GroundRules: Original legal text. Not legal advice."}