Special Purpose Reserves.

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  2. Oklahoma Statutes
  3. Corporations
  4. Special Purpose Reserves.

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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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