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Code · Oklahoma · Title 18 — Corporations

§18-1050. Special Purpose Reserves.

49 words·~1 min read·/ok/title-18-corporations/18-1050·

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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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