What laws govern the formation of a company?

In Oklahoma, the laws that govern the formation of a company are found in the Oklahoma Business Corporation Act (OBCA). This is a law that establishes the process of company formation, including the requirements for legally forming a business. The OBCA outlines the requirements to form a domestic business corporation in Oklahoma. This includes filing the articles of incorporation with the Oklahoma Secretary of State, which must include the corporation’s name, purpose, and address. It also provides the requirements for the board of directors, including the number of directors and classes of directors. The OBCA also addresses the management of the company, including the steps for electing officers and directors, holding meetings, and filing annual reports. It also sets forth the responsibilities of the board of directors. The OBCA also outlines the procedures for issuing and transferring shares of stock. This includes the requirements for issuing a stock certificate and attaching restrictions to certain classes of stock. In addition to the OBCA, other laws may apply to the formation of a company. These may include environmental laws, labor laws, tax laws, and consumer protection laws. It is important to be aware of these laws in order to ensure that the company is compliant with all applicable regulations.

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What laws govern the formation of a company?

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