Oklahoma Statutes (Last Updated: September 18, 2014)

§ 18-1050. Special Purpose Reserves.

Latest version.

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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