Okla. Stat. tit. 21, § 21-1639
This is the official text of Okla. Stat. tit. 21, § 21-1639, part of Oklahoma’s Stat. tit. 21, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 21,." Browse the sections below, each linked to its official government source.
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Fraudulent insolvency - Penalties
Official statutory text
A. In every case of a fraudulent insolvency of a moneyed
corporation not licensed to conduct insurance business in the State
of Oklahoma, every director thereof who participated in such fraud
is guilty of a misdemeanor.
B. In every case of a fraudulent insolvency of a moneyed
corporation licensed to conduct the business of insurance in the
State of Oklahoma, every director thereof who participated in such
fraud is guilty of a Class D1 felony offense punishable as provided
for in subsections B through F of Section 20N of this title and a
fine of up to Fifty Thousand Dollars ($50,000.00).
corporation not licensed to conduct insurance business in the State
of Oklahoma, every director thereof who participated in such fraud
is guilty of a misdemeanor.
B. In every case of a fraudulent insolvency of a moneyed
corporation licensed to conduct the business of insurance in the
State of Oklahoma, every director thereof who participated in such
fraud is guilty of a Class D1 felony offense punishable as provided
for in subsections B through F of Section 20N of this title and a
fine of up to Fifty Thousand Dollars ($50,000.00).
Status: in_force · Read it on the official government site
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