Okla. Stat. tit. 18, § 18-1106
This is the official text of Okla. Stat. tit. 18, § 18-1106, 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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Receivers for insolvent corporations - Appointment and
Official statutory text
powers.
RECEIVERS FOR INSOLVENT CORPORATIONS; APPOINTMENT AND POWERS
Whenever a corporation shall be insolvent, the district court of
the county in which the registered office is located may at any time
upon the application of a shareholder or shareholders, severally or
jointly, who have been registered owners for a period of not less
than six (6) months, of not less than ten percent (10%) of the
entire outstanding stock of the corporation or a creditor whose
claim has been reduced to judgment and execution thereon has been
issued, appoint one or more persons to be receivers of and for the
corporation, to take charge of its assets, estate, effects, business
and affairs, and to collect the outstanding debts, claims, and
property due and belonging to the corporation, with power to
prosecute and defend, in the name of the corporation or otherwise,
all claims or suits, to appoint an agent or agents under them, and
to do all other acts which might be done by the corporation and
which may be necessary or proper. The powers of the receivers shall
be such and shall continue so long as the court shall deem
necessary.
RECEIVERS FOR INSOLVENT CORPORATIONS; APPOINTMENT AND POWERS
Whenever a corporation shall be insolvent, the district court of
the county in which the registered office is located may at any time
upon the application of a shareholder or shareholders, severally or
jointly, who have been registered owners for a period of not less
than six (6) months, of not less than ten percent (10%) of the
entire outstanding stock of the corporation or a creditor whose
claim has been reduced to judgment and execution thereon has been
issued, appoint one or more persons to be receivers of and for the
corporation, to take charge of its assets, estate, effects, business
and affairs, and to collect the outstanding debts, claims, and
property due and belonging to the corporation, with power to
prosecute and defend, in the name of the corporation or otherwise,
all claims or suits, to appoint an agent or agents under them, and
to do all other acts which might be done by the corporation and
which may be necessary or proper. The powers of the receivers shall
be such and shall continue so long as the court shall deem
necessary.
Status: in_force · Read it on the official government site
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