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2025 Oklahoma Statutes
Title 21. Crimes and Punishments
§21-1639. Fraudulent insolvency - Penalties.
Universal Citation:
21 OK Stat § 1639 (2025)
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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).
R.L.1910, § 2729. Amended by Laws 2012, c. 235, § 2, eff. July 1, 2012; Laws 2025, c. 486, § 448, eff. Jan. 1, 2026.
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