{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-1118","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-1118","heading":"Proceedings under Federal Bankruptcy Code; Effectuation","body":"PROCEEDINGS UNDER THE FEDERAL\n\nBANKRUPTCY CODE; EFFECTUATION\n\nA. Any domestic corporation, an order for relief with respect\n\nto which has been entered under the Federal Bankruptcy Code, 11\n\nU.S.C., Section 101 et seq., or any successor statute, may put into\n\neffect and carry out any decrees and orders of the court or judge in\n\nthe bankruptcy proceeding and may take any corporate action provided\n\nor directed by such decrees and orders, without further action by\n\nits directors or shareholders. Such power and authority may be\n\nexercised, and such corporate action may be taken, as may be\n\ndirected by such decrees or orders, by the trustee or trustees of\n\nsuch corporation appointed or elected in the bankruptcy proceedings,\n\nor a majority thereof, or if none be appointed or elected and\n\nacting, by designated officers of the corporation, or by a\n\nrepresentative appointed by the court or judge, with like effect as\n\nif exercised and taken by unanimous action of the directors and\n\nshareholders of the corporation.\n\nB. Such corporation, in the manner provided for in subsection A\n\nof this section, but without limiting the generality or effect of\n\nthe foregoing, may alter, amend, or repeal its bylaws; constitute or\n\nreconstitute and classify or reclassify its board of directors, and\n\nname, constitute or appoint directors and officers in place of or in\n\naddition to all or some of the directors or officers then in office;\n\namend its certificate of incorporation, and make any change in its\n\ncapital or capital stock, or any other amendment, change, or\n\nalteration, or provision, authorized by the provisions of this act;\n\nbe dissolved, transfer all or part of its assets, merge, consolidate\n\nor convert as permitted by the provisions of this act, in which\n\ncase, however, no shareholder shall have any statutory right of\n\nappraisal of his stock; change the location of its registered\n\noffice, change its registered agent, and remove or appoint any agent\n\nto receive service of process; authorize and fix the terms, manner\n\nand conditions of, the issuance of bonds, debentures or other\n\nobligations, whether or not convertible into stock of any class, or\n\nbearing warrants or other evidences of optional rights to purchase\n\nor subscribe for stock of any class; or lease its property and\n\nfranchises to any corporation, if permitted by law.\n\nC. A certificate of any amendment, change or alteration, or of\n\ndissolution, or any agreement of merger, consolidation or conversion\n\nmade by such corporation pursuant to the provisions of this section,\n\nshall be filed with the Secretary of State in accordance with the\n\nprovisions of Section 1007 of this title, and, subject to the\n\nprovisions of subsection D of Section 1007 of this title, shall\n\nthereupon become effective in accordance with its terms and the\n\nprovisions of this section. Such certificate, agreement of merger\n\nor other instrument shall be made, executed and acknowledged, as may\n\nbe directed by such decrees or orders, by the trustee or trustees\n\nappointed or elected in the reorganization or debtor in possession\n\nin the bankruptcy proceedings, or a majority thereof, or, if none be\n\nappointed or elected and acting, by the officers of the corporation,\n\nor by a representative appointed by the court or judge, and shall\n\ncertify that provision for the making of such certificate, agreement\n\nor instrument is contained in a decree or order of a court or judge\n\nhaving jurisdiction of a proceeding under such Federal Bankruptcy\n\nCode or successor statute.\n\nD. The provisions of this section shall cease to apply to such\n\ncorporation upon the entry of a final decree in the bankruptcy\n\nproceedings closing the case and discharging the trustee or\n\ntrustees, if any; provided, however, that the closing of a case and\n\ndischarge of trustee or trustees, if any, will not affect the\nCode or successor statute.\n\nD. The provisions of this section shall cease to apply to such\n\ncorporation upon the entry of a final decree in the bankruptcy\n\nproceedings closing the case and discharging the trustee or\n\ntrustees, if any; provided, however, that the closing of a case and\n\ndischarge of trustee or trustees, if any, will not affect the\n\nvalidity of any act previously performed under subsections A through\n\nC of this section.\n\nE. On filing any certificate, agreement, report or other paper\n\nmade or executed pursuant to this section, there shall be paid to\n\nthe Secretary of State, for the use of the state, the same fees as\n\nare payable by corporations not in bankruptcy proceedings upon the\n\nfiling of like certificates, agreements, reports or other papers.","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":"b456655bb6c9188ebc2569333366b6e8caf2fade706e6572fd4a3e81c433915c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-1117","next":"us-ok/okla.-stat.-tit.-18-18-1119"},"notice":"GroundRules: Original legal text. Not legal advice."}