Business entities; clarifying powers under the Oklahoma General Corporation act; authorizing certain contracts with certain shareholders or beneficial owners of stock. Effective date.

The document header was updated to identify the text as the 'House of Representatives - Floor Version' and 'Engrossed Senate Bill,' indicating it has passed the Senate and is being presented to the House for final consideration.

The document header was changed from 'Engrossed Senate Bill' to 'Committee Substitute,' indicating the bill has been reviewed and amended by a committee. The sponsor's name was shortened from 'Reinhardt of the Senate' to just 'Reinhardt.' The page header was updated to include a 'Req. No.' (Request Number).

Added authority for corporations to enter into contracts with current or prospective shareholders or beneficial owners of stock.

Introduced new liability provisions for controlling shareholders or members who breach their fiduciary duty under specific circumstances.

Updated requirements for shareholders to inspect and copy books and records, including conditions for redaction and reasonable restrictions imposed by the corporation.

Included formatting updates and page renumbering typical of a bill moving from introduction to final engrossed status.