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18-1155.


18-1155.
   
                     RIGHTS OF DISSENTING SHAREHOLDERS
                                      
   A. Unless otherwise provided in a corporation's certificate of
   incorporation or bylaws before a control share acquisition has
   occurred, in the event control shares acquired in a control share
   acquisition are accorded full voting rights and the acquiring person
   has acquired control shares with a majority or more of all voting
   power, all shareholders of the issuing public corporation have
   dissenters' rights.
   
   B. As soon as practicable after such events have occurred, the board
   of directors shall cause a notice to be sent to all shareholders of
   the corporation advising them of the facts and that they have
   dissenters' rights to receive the fair value of their shares pursuant
   to Section 1091 of Title 18 of the Oklahoma Statutes.
   
   C. As used in this section, "fair value" means a value not less than
   the highest price paid per share by the acquiring person in the
   control share acquisition.
   

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