Oklahoma Code § 18-1034

§ 18-1034.

Consideration for Stock.

CONSIDERATION FOR STOCK

A. Shares of stock with par value may be issued for such

consideration, having a value not less than the par value of the

shares so issued, as determined from time to time in accordance with

Section 1033 of this title, or by the shareholders if the

certificate of incorporation so provides.

B. Shares of stock without par value may be issued for such

consideration as determined from time to time in accordance with

Section 1033 of this title, or by the shareholders if the

certificate of incorporation so provides.

C. Treasury shares may be disposed of by the corporation in the

same manner that shares of stock are issued under Section 1033 of

this title, or may be disposed of for such consideration as

determined by the shareholders if the certificate of incorporation

so provides.

D. If the certificate of incorporation reserves to the

shareholders the right to determine the consideration for the issue

of any shares, the shareholders, unless the certificate requires a

greater vote, shall do so by a vote of a majority of the outstanding

stock entitled to vote thereon.

Added by Laws 1986, c. 292, § 34, eff. Nov. 1, 1986. Amended by

Laws 2024, c. 120, § 19, eff. Nov. 1, 2024.