§ 18-1017. Powers respecting securities of other corporations or entities.

POWERS RESPECTING SECURITIES OF

OTHER CORPORATIONS OR ENTITIES

Any corporation organized under the laws of this state may guarantee, purchase, take, receive, subscribe for or otherwise acquire; own, hold, use or otherwise employ; sell, lease, exchange, transfer, or otherwise dispose of; mortgage, lend, pledge or otherwise deal in and with, bonds and other obligations of, or shares or other securities or interests in, or issued by, any other domestic or foreign corporation, partnership, association, or individual, or by any government or agency or instrumentality thereof, subject to the limitation prescribed by Section 41 of Article IX of the Oklahoma Constitution.  A corporation while the owner of any such securities may exercise all the rights, powers and privileges of ownership, including the right to vote.

Added by Laws 1986, c. 292, § 17, eff. Nov. 1, 1986.  Amended by Laws 1987, c. 146, § 1, operative Nov. 1, 1987.