Oklahoma 2023 Regular Session

Oklahoma House Bill HB1096

Introduced
2/6/23  

Caption

Corporations; Oklahoma Corporations Reform Act of 2023; effective date.

Impact

The passage of HB1096 is expected to have a notable effect on state laws governing corporations. By creating distinct guidelines under the Oklahoma Corporations Reform Act, the bill seeks to modernize corporate structures and enhance operational efficiencies. Such reforms could potentially attract new businesses and facilitate the growth of existing ones, while also providing clarity on the legal obligations of corporations in Oklahoma. The effective date of the bill is set for November 1, 2023, marking a significant timeline for businesses to adapt to the new regulations.

Summary

House Bill 1096, also known as the Oklahoma Corporations Reform Act of 2023, introduces significant changes to the regulation of corporations in Oklahoma. This bill aims to address various aspects of corporate governance and streamline compliance procedures for businesses operating within the state. Although the bill does not contain extensive provisions in its text, it establishes a framework that encourages a more efficient regulatory environment for corporate entities.

Contention

One of the key points of contention surrounding HB1096 pertains to the implications of noncodification. Critics argue that not codifying specific provisions could lead to uncertainties in implementation and enforcement, raising concerns among corporate stakeholders. Additionally, there may be debates regarding the sufficiency of the reforms proposed by the bill, especially in relation to safeguarding investor interests and ensuring corporate accountability. These discussions highlight the need for a balanced approach to corporate reform that promotes growth while maintaining essential protective measures.

Companion Bills

No companion bills found.

Previously Filed As

OK HB1096

Corporations; Oklahoma Corporations Reform Act of 2023; effective date.

OK HB1095

Corporations; Oklahoma Corporations Reform Act of 2023; effective date.

OK HB1095

Corporations; Oklahoma Corporations Reform Act of 2023; effective date.

OK HB1337

Corporations; corporation reform; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB1333

Corporations; corporation reform; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB1335

Corporations; corporation reform; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB1336

Corporations; corporation reform; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB1334

Corporations; corporation reform; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB2628

Corporations; Oklahoma Corporations Reform Act of 2021; effective date.

OK HB2372

Corporations; Corporations Reform Act of 2025; effective date.

Similar Bills

No similar bills found.