Oklahoma § 21-1639 Fraudulent insolvency - Penalties.

Oklahoma Statutes

§ 21-1639 — Fraudulent insolvency - Penalties.

Oklahoma § 21-1639

Title 21Crimes And Punishments

This text of Oklahoma § 21-1639 (Fraudulent insolvency - Penalties.) 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. 21, § 21-1639 (2026).

Text

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).

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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).