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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 18. CORPORATIONS

  § 18-1075.2. Electronic notice – Effectiveness - Revocation of consent.  

Latest version.

  • ELECTRONIC NOTICE; EFFECTIVENESS; REVOCATION OF CONSENT

    A.  Without limiting the manner of which notice otherwise may be given effectively to shareholders, any notice to shareholders given by the corporation under any provision of this act, the certificate of incorporation, or the bylaws shall be effective if given by a form of electronic transmission consented to by the shareholder to whom the notice is given.  The consent shall be revocable by the shareholder by written notice to the corporation.  The consent shall be deemed revoked if:

    1.  The corporation is unable to deliver by electronic transmission two consecutive notices given by the corporation in accordance with the consent; and

    2.  The inability becomes known to the secretary or an assistant secretary of the corporation or to the transfer agent, or other person responsible for the giving of notice; provided, however, the inadvertent failure to treat the inability as a revocation shall not invalidate any meeting or other action.

    B.  Notice given pursuant to subsection A of this section shall be deemed given if by:

    1.  Facsimile telecommunication, when directed to a number at which the shareholder has consented to receive notice;

    2.  Electronic mail, when directed to an electronic mail address at which the shareholder has consented to receive notice;

    3.  A posting on an electronic network together with separate notice to the shareholder of the specific posting, upon the later of:

    a.the posting, and

    b.the giving of the separate notice; and

    4.  Any other form of electronic transmission, when directed to the shareholder in accordance with the shareholder’s consent.

    An affidavit of the secretary or an assistant secretary or of the transfer agent or other agent of the corporation that the notice has been given by a form of electronic transmission shall, in the absence of fraud, be prima facie evidence of the facts stated therein.

    C.  For purposes of this act, “electronic transmission” means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process.

    D.  This section shall apply to a domestic corporation that is not authorized to issue capital stock, and when so applied, all references to shareholders shall be deemed to refer to members of such a corporation.

    E.  This section shall not apply to Sections 1045 or 1111 of this title.

Added by Laws 2001, c. 405, § 19, eff. Nov. 1, 2001.