Requirements to Merge Corporations (Oklahoma Statute ~ Burning Tree Master Association ~ Burning Tree Area #4 Association, Inc)

OKLAHOMA STATUTE:
O.S. 18  § 1081. Merger or Consolidation of Domestic Corporations states that homeowners are to be allowed to vote on a merger or consolidation, before it is filed with both the Tulsa County Clerk’s office and Secretary of State. However, neither the Secretary of State, nor the Tulsa County Clerk’s office show paperwork for a merger or consolidation or amendment was ever filed. Therefore, with no vote by lot owners to merge corporations, they have not been merged. Burning Tree Master Association has no authority to directly assess homeowners or file liens against them.

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BURNING TREE MASTER ASSOCIATION ARTICLES OF INCORPORATION STATES:
ARTICLE VIII MERGERS AND CONSOLIDATIONS: To the extent permitted by law, the corporation may participate in mergers and consolidations with other non-profit corporations organized for the same purposes provided that such merger or consolidation shall have the assent of two thirds (2/3) of the votes of the entire membership

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BURNING TREE AREA #4 ASSOCIATION ARTICLES OF INCORPORATION STATES:
ARTICLE VIII  MERGERS AND CONSOLIDATIONS

To the extent permitted by law, the corporation may participate in mergers and consolidations with other non-profit corporations organized for the same purposes provided that such merger or consolidation shall have the assent of two thirds (2/3) if the votes of the entire membership.

Click to see who filed Burning Tree Area #4 Association, Inc.where this Article is found.

Click to see: Was there a legal merger between Burning Tree Area #4 Association and Burning Tree Master Association, Inc.

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