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.
Okla. Stat. tit. 18, § 1050
Special Purpose Reserves
Added by Laws 1986, c. 292, § 50, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.