{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-429","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-429","heading":"Directors - Selection and term - Quorum","body":"The stock, property and affairs, of such corporation shall be\n\nmanaged by the board of directors, which shall consist of five (5)\n\nmembers, all of whom must be stockholders, and who shall be elected\n\nat the annual meeting of the stockholders. At the first meeting of\n\nthe stockholders, there shall be elected five directors, one of whom\n\nshall serve one (1) year, two of whom shall serve two (2) years, and\n\nthe remaining two of whom shall serve three (3) years. As the term\n\nof office of each of these directors expires a successor shall be\n\nelected, who shall serve for three (3) years, unless sooner removed,\n\nor until his successor is elected and qualified.\n\nNotice of the time and place of holding such election shall be\n\npublished not less than two (2) weeks previous thereto in the\n\nnewspaper printed nearest to the place where the principal office or\n\nplace of business of the corporation is located. A quorum shall\n\nconsist of at least ten percent (10%) in number of all the\n\nstockholders or subscribers for stock who are entitled to vote.","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":"1ffa82db283e97cf7eeaa755d77d7a13291eb8ec2ce462f2af38b2b8c563a6bc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-428","next":"us-ok/okla.-stat.-tit.-18-18-430"},"notice":"GroundRules: Original legal text. Not legal advice."}