Business entities; Oklahoma General Corporation Act; Oklahoma Limited Liability Company Act; codification; effective date.

Summary

The bill revises the Oklahoma General Corporation Act and the Limited Liability Company Act, updating citations, defining jurisdiction (including business courts), and clarifying corporate powers, shareholder transactions, and procedures for mergers, conversions, and record inspections. It applies to all corporations and LLCs operating in Oklahoma, affecting shareholders, directors, controlling owners, and other stakeholders. The changes are intended to modernize the statutes and provide clearer guidance for corporate governance.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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