Oklahoma Constitution

Article IX, § 39 — Restrictions on issuance of stock

Oklahoma Const. art. IX, § 39

Oklahoma Const. art. IX, § 39 (Restrictions on issuance of stock) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionOklahomaDocumentConstitution
ArticleIX
Section§ 39
CitationOklahoma Const. art. IX, § 39
Bluebook
Okla. Const. art. IX, § 39.

Full Text

No corporation shall issue stock except for money, labor done, or property actually received, at a stated value thereof, and the Legislature shall prescribe the necessary regulations to prevent the issue of fictitious stock or indebtedness.

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History

Amended by State Question No. 458, Legislative Referendum No. 171, adopted at election held on Sept. 17, 1968.