There is a newer version of the Oklahoma Statutes
2014 Oklahoma Statutes
Title 18. Corporations
§18-1050. Special Purpose Reserves.
18 OK Stat § 18-1050 (2014) What's This?
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.
Added by Laws 1986, c. 292, § 50, eff. Nov. 1, 1986.
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