Oklahoma Statutes
§ 18-431 — Liability of directors.
Oklahoma § 18-431
JurisdictionOklahoma
Title 18Corporations
This text of Oklahoma § 18-431 (Liability of directors.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Okla. Stat. tit. 18, § 18-431 (2026).
Text
If the indebtedness of such corporation shall at any time exceed the amount of its subscribed capital stock and surplus the directors assenting thereto shall be personally and individually liable for such excess to the creditors. Except any indebtedness created in favor of the State warehouse revolving fund.
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Legislative History
Laws 1919, c. 147, p. 231, § 11; Laws 1923, c. 167, p. 270, § 4.
Nearby Sections
15
§ 18-1001
Short title.§ 18-1002
Scope of Act.§ 18-1004.1
Application of act to nonstock corporations.§ 18-1006
See the following versions:§ 18-1006v1
Certificate of incorporation - contents.§ 18-1006v2
Certificate of incorporation - contents.§ 18-1010
Commencement of Corporate Existence.§ 18-1011
Powers of Incorporators.Cite This Page — Counsel Stack
Bluebook (online)
Oklahoma § 18-431, Counsel Stack Legal Research, https://law.counselstack.com/statute/ok/18/18-431.