Public-domain · open source
OpenJurist

Okla. Stat. tit. 18, § 1147

Interested shares - Definition

Added by Laws 1987, c. 146, § 17, emerg. eff

INTERESTED SHARES; DEFINITION As used in Sections 1145 through 1155 of this title "interested shares" means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise, as of the applicable record date, of the voting power of the corporation in the election of directors other than solely by the authority of a revocable proxy:

1. The acquiring person;

2. Any officer of the issuing public corporation; or 3. Any employee of the issuing public corporation who is also a director of the corporation.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.