{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-405.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-405.1","heading":"Authorized but unissued stock","body":"Any bank or trust company, with the written approval of the\n\nCommissioner and by majority vote of the outstanding voting stock,\n\nmay by proper amendment to its certificate of incorporation\n\nauthorize an increase in the common stock of the bank in the\n\ncategory of authorized but unissued stock. Such authorized but\n\nunissued stock may be issued from time to time to employees of the\n\nbank pursuant to a stock option or stock purchase plan adopted in\n\naccordance with the provisions of Section 40 of this act or in\n\nexchange for convertible preferred stock or convertible capital\n\ndebentures in accordance with the terms and provisions of such\n\nsecurities. Authorized but unissued stock may also be issued from\n\ntime to time for such other purposes and considerations as may be\n\napproved by the board of directors of the bank and by the written\n\napproval of the Commissioner.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"938c46b5137059822a6b3d3254ad7473c3703b91025a0ab19c7c02716a61bbc2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-405","next":"us-ok/okla.-stat.-tit.-6-6-405.2"},"notice":"GroundRules: Original legal text. Not legal advice."}