Okla. Stat. tit. 15, § 15-567
This is the official text of Okla. Stat. tit. 15, § 15-567, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Punishment for violations - Second offenses - Forfeiture
Official statutory text
of corporate charters.
Any person, either as agent or principal, who enters into or
assists in making any contracts of sale of the sort of character
Oklahoma Statutes - Title 15. Contracts Page 113
denounced by Section 564 of this title for the future delivery of
cotton, grain, stocks or other commodities, or who maintains or
operates a bucket shop as that term is defined in Section 565 of
this title, shall be guilty of a Class D3 felony offense, and upon
conviction thereof shall be fined in a sum not to exceed One
Thousand Dollars ($1,000.00), or be imprisoned as provided for in
subsections B through F of Section 20P of Title 21 of the Oklahoma
Statutes, and any person who shall be guilty of a second offense
under this statute in addition to the penalty above prescribed may,
upon conviction, be both fined and imprisoned in the discretion of
the court, and if a corporation, it shall be liable to forfeiture of
all its rights and privileges as such, and the continuance of such
establishment after the first conviction shall be deemed a second
offense. It shall be the duty of the Attorney General to institute
proceedings for the forfeiture of the charter of any corporation
making itself liable to such forfeiture under the provisions of this
act.
Any person, either as agent or principal, who enters into or
assists in making any contracts of sale of the sort of character
Oklahoma Statutes - Title 15. Contracts Page 113
denounced by Section 564 of this title for the future delivery of
cotton, grain, stocks or other commodities, or who maintains or
operates a bucket shop as that term is defined in Section 565 of
this title, shall be guilty of a Class D3 felony offense, and upon
conviction thereof shall be fined in a sum not to exceed One
Thousand Dollars ($1,000.00), or be imprisoned as provided for in
subsections B through F of Section 20P of Title 21 of the Oklahoma
Statutes, and any person who shall be guilty of a second offense
under this statute in addition to the penalty above prescribed may,
upon conviction, be both fined and imprisoned in the discretion of
the court, and if a corporation, it shall be liable to forfeiture of
all its rights and privileges as such, and the continuance of such
establishment after the first conviction shall be deemed a second
offense. It shall be the duty of the Attorney General to institute
proceedings for the forfeiture of the charter of any corporation
making itself liable to such forfeiture under the provisions of this
act.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.