Oklahoma Assignment of Shares is a legal document that enables the transfer of ownership rights and interests in shares from one party to another within the state of Oklahoma. This agreement is commonly used when a shareholder wishes to sell, gift, or otherwise transfer their shares to another individual, company, or entity. The Assignment of Shares document serves as proof of the transaction and ensures a smooth and legally binding transfer of ownership. It outlines the parties involved, including the assignor (the current shareholder) and the assignee (the recipient of the shares). The agreement typically contains important details such as the shares being assigned, any conditions or restrictions associated with the transfer, and the agreed-upon consideration or payment for the shares. In Oklahoma, there are various types of Assignment of Shares that can be used depending on the circumstances and requirements of the parties involved: 1. Absolute Assignment of Shares: This type of assignment involves the complete transfer of ownership rights from the assignor to the assignee with no conditions or restrictions. 2. Partial Assignment of Shares: In this type, the shareholder assigns only a portion of their shares to the assignee, while retaining ownership of the remaining shares. 3. Conditional Assignment of Shares: This involves assigning shares with certain conditions attached, such as restrictions on the transferability of the shares or obligations to be fulfilled by the assignee. 4. Gift Assignment of Shares: This type occurs when the assignor donates or gifts their shares to the assignee without any payment or consideration in return. 5. Restricted Assignment of Shares: In some cases, there may be restrictions imposed by the company's bylaws, operating agreement, or shareholders' agreement on the transferability of shares. This type of assignment deals with the transfer of shares while complying with such restrictions. Overall, the Oklahoma Assignment of Shares document plays a crucial role in facilitating the smooth transfer of ownership rights in shares within the state. It ensures the parties involved understand their rights and obligations while providing a legally binding framework for the transaction. It is important to involve a legal professional when drafting or executing an Assignment of Shares to ensure compliance with relevant laws and regulations.