Okla. Stat. tit. 18, § 18-1100.3

This is the official text of Okla. Stat. tit. 18, § 18-1100.3, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.

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Foreign corporations; definition; qualification to do

Official statutory text

business in state; procedure.

LIABILITY OF SHAREHOLDERS OF DISSOLVED CORPORATIONS

Oklahoma Statutes - Title 18. Corporations Page 485

A. A shareholder of a dissolved corporation the assets of which

were distributed pursuant to subsection A or B of Section 1100.2 of

this title shall not be liable for any claim against the corporation

in an amount in excess of the shareholder's pro rata share of the

claim or the amount distributed to the shareholder, whichever is

less.

B. A shareholder of a dissolved corporation the assets of which

were distributed pursuant to subsection A of Section 1100.2 of this

title shall not be liable for any claim against the corporation on

which an action, suit, or proceeding is not begun prior to the

expiration of the period described in Section 1099 of this title.

C. The aggregate liability of any shareholder of a dissolved

corporation for claims against the dissolved corporation shall not

exceed the amount distributed to the shareholder in dissolution.

Status: in_force · Read it on the official government site

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