There Is a Newer Version
of
this Section
2021 Oklahoma Statutes
Title 18. Corporations
§18-1127. Liability of corporation, etc. - Impairment by certain transactions.
Universal Citation:
18 OK Stat § 18-1127 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
LIABILITY OF CORPORATION, ETC.;
IMPAIRMENT BY CERTAIN TRANSACTIONS
The liability of a corporation of this state, or of the shareholders, directors or officers thereof, or the rights or remedies of the creditors thereof, or persons doing or transacting business with the corporation, shall not in any way be lessened or impaired by the sale of its assets, or by the increase or decrease in the capital stock of the corporation, or by its merger or consolidation with one or more corporations or by any change or amendment in its certificates of incorporation.
Added by Laws 1986, c. 292, § 127, eff. Nov. 1, 1986.
Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
