Oklahoma Statutes (Last Updated: September 18, 2014)

§ 21-1639. Fraudulent insolvency - Penalties.

Latest version.

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 felony punishable by up to five (5) years of incarceration and a fine of up to Fifty Thousand Dollars ($50,000.00).

R.L.1910, § 2729. Amended by Laws 2012, c. 235, § 2, eff. July 1, 2012.

                    
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