Oklahoma Code § 18-1052
Oklahoma Code § 18-1052. Reproduced from the official Oklahoma Statutes, with a citation summary, verification link, and related provisions.
§ 18-1052.
Declaration and Payment of Dividends.
DECLARATION AND PAYMENT OF DIVIDENDS
No corporation shall pay dividends except in accordance with the
provisions of the Oklahoma General Corporation Act. Dividends may
be paid in cash, in property, or in shares of the corporation's
capital stock. If the dividend is to be paid in shares of the
Oklahoma Statutes - Title 18. Corporations
corporation's theretofore unissued capital stock, the board of
directors, by resolution, shall direct that there be designated as
capital in respect of such shares an amount which is not less than
the aggregate par value of par value shares being declared as a
dividend and, in the case of shares without par value being declared
as a dividend, such amount as shall be determined by the board of
directors. No such designation as capital shall be necessary if
shares are being distributed by a corporation pursuant to a split-up
or division of its stock rather than as payment of a dividend
declared payable in stock of the corporation.
Added by Laws 1986, c. 292, § 52, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
At a glance
- Citation: Oklahoma Statutes § 18-1052
- Jurisdiction: Oklahoma
- Code: Oklahoma Statutes
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Oklahoma Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Oklahoma attorney.
Common questions
What is the source of Oklahoma Statutes § 18-1052?
The text above is transcribed from the Oklahoma Statutes, the codified statutes of Oklahoma. The official publisher link appears under "Verify the text" on this page.
What subject does Oklahoma Statutes § 18-1052 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Oklahoma Statutes § 18-1052 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Oklahoma source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Oklahoma law to your facts requires a licensed Oklahoma attorney who can review the specifics.