SPECIAL PURPOSE RESERVES The directors of a corporation may set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve. Added by Laws 1986, c. 292, § 50, eff. Nov. 1, 1986.
Special Purpose Reserves
18 O.S. § 1050, under Title 18 — Corporations.
18 O.S. § 1050