Okla. Stat. tit. 21, § 1639
Fraudulent Insolvency - Penalties
Effective Jan 1, 2026R.L. 1910, § 2729; Amended by Laws 2012, SB 1439, c. 235, § 2, emerg. eff. July 1, 2012 (superseded document available); Amended by Laws 2025, HB 2104, c. 486, § 448, eff. January 1, 2026 (superseded document available).
- 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, SB 1439, c. 235, § 2, emerg. eff. July 1, 2012 (superseded document available); Amended by Laws 2025, HB 2104, c. 486, § 448, eff. January 1, 2026 (superseded document available).