Oklahoma Statutes
§ 18-1050 — Special Purpose Reserves.
Oklahoma·Title 18 Corporations
SPECIAL PURPOSE RESERVES The directors of a corporation may set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.
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Legislative History
Added by Laws 1986, c. 292, § 50, eff. Nov. 1, 1986.
Nearby Sections
15
§ 18-1001
Short title.§ 18-1002
Scope of Act.§ 18-1004.1
Application of act to nonstock corporations.§ 18-1006
See the following versions:§ 18-1006v1
Certificate of incorporation - contents.§ 18-1006v2
Certificate of incorporation - contents.§ 18-1010
Commencement of Corporate Existence.§ 18-1011
Powers of Incorporators.