Okla. Stat. tit. 18, § 18-431
This is the official text of Okla. Stat. tit. 18, § 18-431, 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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Liability of directors
Official statutory text
If the indebtedness of such corporation shall at any time exceed
the amount of its subscribed capital stock and surplus the directors
assenting thereto shall be personally and individually liable for
such excess to the creditors. Except any indebtedness created in
favor of the State warehouse revolving fund.
the amount of its subscribed capital stock and surplus the directors
assenting thereto shall be personally and individually liable for
such excess to the creditors. Except any indebtedness created in
favor of the State warehouse revolving fund.
Status: in_force · Read it on the official government site
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