Okla. Stat. tit. 82, § 82-1324.33
This is the official text of Okla. Stat. tit. 82, § 82-1324.33, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Dissolution of corporation - Transfer of assets,
Official statutory text
property, obligations and benefits.
A. Upon the affirmative order of the board of county
commissioners to organize the district, the corporation shall be
Oklahoma Statutes - Title 82. Waters and Water Rights Page 337
deemed dissolved. The board of directors of the corporation shall
file notice of such dissolution with the Secretary of State.
B. All debts, liabilities and obligations of the corporation
shall be paid and discharged or transferred pursuant to subsection E
of this section.
C. Upon filing with the Secretary of State of notice of
dissolution, the corporation shall cease to carry on its business
except insofar as may be necessary for the winding up thereof.
D. Upon receipt of notice of dissolution and compliance with
the provisions of this section, the Secretary of State shall issue a
certificate of dissolution for the corporation.
E. 1. Except as otherwise provided by subsection B of this
section, any employee benefits, assets, easements, and titles to any
real property or personal property held by the corporation shall be
construed to be the benefits, assets, easements, property and
obligation of the district.
2. A single notice of the transfer shall be filed for such
assets, easements or titles of record with the Secretary of State
and in the office of the county clerk where such records are
located.
3. Unless otherwise discharged by law, all legal proceedings
instituted by or against the corporation prior to the organization
of a district pursuant to the provisions of this act shall upon
petition be renewed and continued by or against the district by an
order of the court constituting the name of such district.
A. Upon the affirmative order of the board of county
commissioners to organize the district, the corporation shall be
Oklahoma Statutes - Title 82. Waters and Water Rights Page 337
deemed dissolved. The board of directors of the corporation shall
file notice of such dissolution with the Secretary of State.
B. All debts, liabilities and obligations of the corporation
shall be paid and discharged or transferred pursuant to subsection E
of this section.
C. Upon filing with the Secretary of State of notice of
dissolution, the corporation shall cease to carry on its business
except insofar as may be necessary for the winding up thereof.
D. Upon receipt of notice of dissolution and compliance with
the provisions of this section, the Secretary of State shall issue a
certificate of dissolution for the corporation.
E. 1. Except as otherwise provided by subsection B of this
section, any employee benefits, assets, easements, and titles to any
real property or personal property held by the corporation shall be
construed to be the benefits, assets, easements, property and
obligation of the district.
2. A single notice of the transfer shall be filed for such
assets, easements or titles of record with the Secretary of State
and in the office of the county clerk where such records are
located.
3. Unless otherwise discharged by law, all legal proceedings
instituted by or against the corporation prior to the organization
of a district pursuant to the provisions of this act shall upon
petition be renewed and continued by or against the district by an
order of the court constituting the name of such district.
Status: in_force · Read it on the official government site
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