Definitions — Oklahoma Code § 18-902
Oklahoma Code § 18-902 — Definitions. Reproduced from the official Oklahoma Statutes, with a citation summary, verification link, and related provisions.
§ 18-902. Definitions
As used in this act, unless a different meaning is required by
the context, the following words and phrases shall have the
following meanings:
(1) "Corporation" means the Oklahoma Business Development
Corporation created under the provisions of this act.
(2) "Financial institution" means any bank, trust company,
savings and loan association, insurance company, or other
institution engaged in lending or investing funds.
(3) "Member" means any financial institution which shall
undertake to lend money to a corporation created under the
provisions of this act.
(4) "Board of directors" means the board of directors of a
corporation created under this act.
(5) "Loan limit" for any member means the maximum amount
permitted to be outstanding at one time on loans made by such member
to a corporation as determined under the provisions of this act.
Oklahoma Statutes - Title 18. Corporations
(6) "Shareholder" means the holder of record of shares in the
corporation.
Laws 1970, c. 187, § 2, emerg. eff. April 13, 1970.
Source: official Oklahoma text · Last verified 2026-08-27
At a glance
- Citation: Oklahoma Statutes § 18-902
- Jurisdiction: Oklahoma
- Code: Oklahoma Statutes
- Subject: Definitions
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Oklahoma Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Oklahoma attorney.
Common questions
What is the source of Oklahoma Statutes § 18-902?
The text above is transcribed from the Oklahoma Statutes, the codified statutes of Oklahoma. The official publisher link appears under "Verify the text" on this page.
What subject does Oklahoma Statutes § 18-902 address?
It addresses "Definitions". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Oklahoma Statutes § 18-902 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Oklahoma source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Oklahoma law to your facts requires a licensed Oklahoma attorney who can review the specifics.