{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-708","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-708","heading":"Common stock dividend on retirement of preferred stock","body":"The certificate of incorporation, or as the same may be amended,\n\nof any such bank or trust company may provide that upon retirement\n\nof any preferred stock of such bank or trust company issued pursuant\n\nto the provisions of this Code, the board of directors may, without\n\nfurther action of its stockholders, and without further action of\n\nthe Commissioner, declare and pay a common stock dividend by the\n\nissuance of shares or fractional shares of common stock equal in\n\naggregate par value to the aggregate par value of the preferred\n\nstock so retired.","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":"c1ad84db13aa437606d19e7fc88c539aac3a1fcf562b224b6abd3be0876b2389","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-707","next":"us-ok/okla.-stat.-tit.-6-6-709"},"notice":"GroundRules: Original legal text. Not legal advice."}